AiCoin | 6.25 Snapshot: Whale Transfers, Gold Breakthrough, Regulatory Tightening

Zhipu AI: GLM-5.3 is now available on Amazon (AMZN.US) Bedrock.

JPMorgan pointed out that, considering investors' positioning and profit growth, the correction in the South Korean stock market following the July AI/memory recovery could be more orderly than in previous AI rebound cycles. Analysts including Tony Lee wrote in a report that the current trend “appears more controlled rather than explosive,” citing an “improved gamma backdrop” that reduces the risks of mechanically magnified volatility and per-share earnings revision. Although Korean memory fundamentals have improved, they remain lagging behind after July's AI/memory recovery and still have room to catch up, particularly if macroeconomic factors such as high yields, oil prices, and risk appetite in Asian markets stabilize. South Korea's volatility environment improved in September, with dealers holding long gamma positions on equities totaling about $430 million, the largest gamma exposure in the past year. “Given the expensive pricing on the call option side, we believe it is most appropriate to hold KOSPI2 call exposure via structured products with rich convexity characteristics.” Ahead of Q3 earnings reports from Samsung and SK Hynix, analysts consider “HBM demand, pricing and product mix, exchange rates, as well as capex management and shareholder return updates as key catalysts, and the market could see significant volatility.”

Due to increased demand for AI in the GPU, network chip, and server CPU sectors, Goldman Sachs has raised its target price and capital expenditure forecast for TSMC. Analyst Evelyn Yu pointed out that "stronger CPU demand driven by Agentic AI is the key change over the past year." Goldman Sachs expects TSMC's revenue in 2026 and 2027 to increase year-over-year by 42.0% and 36.9% respectively (in USD), with gross margins at 67.2% and 67.5%. The forecast for capital expenditures in 2027/2028 has been raised from $78 billion/$82 billion to $85 billion/$98 billion to support long-term customer demand. The "Buy" rating is maintained, and the target price has been raised from 3,100 TWD to 3,300 TWD.

Peru's national oil company has discovered new sabotage attacks on the North Peru Pipeline (ONP).