May 31 Market Report: Big Tech Mixed as Stocks Close Modestly Higher

May 29, 2026 Major Market Data Analysis: Gauging Underlying Trends Amid Mixed Performance

On May 29, 2026, the stock prices of major big tech companies, which form the core of the key stock markets, showed a mixed trend with no significant fluctuations. Nvidia closed trading at 214.25 won, marking a slight increase of 0.01%. Alphabet also saw GOOGL at 390.13 won and GOOG at 386.12 won, both recording 0.00% and remaining flat. Apple closed at 312.51 won, up 0.01%, while Microsoft Corporation finished at 426.99 won, a modest gain of 0.03%. Amazon.com, Inc. also saw a marginal rise of 0.01% to close at 274 won. The limited movement of these large tech stocks seemed to reflect a search for overall market direction.

Status of Key Tech Stocks and Their Market Position

The stock prices and financial indicators for major technology companies, as compiled on May 29, 2026, are as follows:

Stock	Current Price (KRW)	Change (%)	Market Cap (Trillion KRW)	P/E Ratio	EPS Growth Rate
Nvidia	214.25	+0.01%	5.19	32.8	-
Alphabet (GOOGL)	390.13	+0.00%	4.73	29.8	-
Apple	312.51	+0.01%	4.59	37.9	-
Microsoft	426.99	+0.03%	3.17	25.4	-
Amazon	274.00	+0.01%	2.95	31.6	-
TSMC	424.86	+0.01%	2.20	36.4	-
Broadcom	426.58	+0.01%	2.02	83.3	-
Tesla	442.10	+0.00%	1.66	398.3	-
Meta	635.29	+0.00%	1.61	23.1	-
Micron	923.52	-0.01%	1.04	43.7	-
AMD	518.09	+0.05%	0.84	172.7	-
Intel	120.89	-0.01%	0.61	-	-
ASML	1,605.77	+0.00%	0.62	53.5	-

Nvidia maintained its leading position in the market, boasting an impressive market capitalization of 5.19 trillion won. Its P/E ratio of 32.8x, while high compared to industry averages, reflects its unparalleled position in the AI chip market and expectations for future growth. Alphabet solidified its second place with a market cap of 4.73 trillion won. Its P/E ratio of 29.8x offers an attractive valuation for investors, supported by a stable business model and diversified revenue streams. Apple showed consistent demand with a market cap of 4.59 trillion won and a P/E ratio of 37.9x. Microsoft maintained its top-five position with a market cap of 3.17 trillion won. Its P/E ratio of 25.4x indicates stable growth and the robustness of its cloud business. Amazon followed with a market cap of 2.95 trillion won, and its P/E ratio of 31.6x reflects growth in its e-commerce sector and the profitability of AWS (Amazon Web Services). Taiwan Semiconductor Manufacturing Company (TSMC), a leading semiconductor firm, demonstrated its importance in the advanced foundry market with a market cap of 2.20 trillion won and a P/E ratio of 36.4x. Within the semiconductor sector, alongside Nvidia and TSMC, Broadcom attracted attention with a market cap of 2.02 trillion won and a high P/E ratio of 83.3x. This suggests high growth potential is being recognized in Broadcom's high-performance semiconductor and network solutions business. AMD recorded a market cap of 0.84 trillion won with a very high P/E ratio of 172.7x, indicating that future growth expectations are heavily influencing its valuation rather than current earnings. Micron had a market cap of 1.04 trillion won with a P/E ratio of 43.7x. Intel Corporation's market cap stood at 0.61 trillion won, with no P/E ratio provided, suggesting ongoing struggles in line with market conditions.

Market Impact and Investment Implications

Despite varied stock performance among individual companies, the overall market displayed a tendency towards stable movements rather than sharp fluctuations. This environment encourages investors to focus more closely on individual stocks' fundamentals and future growth potential. For example, Tesla, with a market cap of 1.66 trillion won and a remarkable P/E ratio of 398.3x, clearly shows that its valuation is driven by innovative technology and potential in the future mobility market, rather than current profitability. Meta, with a market cap of 1.61 trillion won and a P/E ratio of 23.1x, presents a relatively lower valuation among big tech firms, suggesting mixed market assessments regarding investments in the metaverse and AI and their feasibility.

ETF and Value Stock Trends

Exchange-Traded Fund (ETF) data is also crucial for understanding the overall market trend. Vanguard S&P 500 ETF (VOO) represented the general investment sentiment in the U.S. large-cap market with a market cap of 1.60 trillion won and a P/E ratio of 28.4x. State Street SPDR S&P 500 ETF T (SPY) showed a similar trend with a market cap of 0.74 trillion won and a P/E ratio of 28.3x. This indicates that market participants are seeking stable investment opportunities through broad market indicators like the S&P 500 index. Meanwhile, the movements of companies that can be classified as value stocks are also worth noting. JP Morgan Chase & Co. (JPM) demonstrated the stable profitability and low valuation of the financial sector with a market cap of 0.80 trillion won and a P/E ratio of 14.2x. Berkshire Hathaway Inc. New (BRK-B) also showcased the appeal of value investing, reflecting Warren Buffett's investment philosophy, with a market cap of 1.03 trillion won and a P/E ratio of 14.2x. Exxon Mobil Corporation (XOM) showed indicators reflecting the volatility of the energy sector and current oil prices, with a market cap of 0.61 trillion won and a P/E ratio of 24.7x.

Key Industry Metrics and Differences

This data analysis highlights a clear valuation gap between tech stocks and traditional industry stocks. Companies in advanced technology sectors, particularly AI and semiconductors, continue to attract significant capital inflows despite high P/E ratios. This is primarily driven by expectations for future growth surpassing current earnings. In contrast, traditional financial, energy, and consumer goods companies maintain relatively lower P/E ratios, appealing to investors based on stable dividend yields or defensive characteristics. For instance, pharmaceutical company Eli Lilly and Company (LLY) commands a high valuation of 1.00 trillion won with a P/E ratio of 40.0x, driven by expectations for innovative drug development. This indicates that the biotech and healthcare sectors possess growth stock characteristics similar to tech companies. In the consumer goods sector, Walmart Inc. (WMT) recorded a market cap of 0.95 trillion won and a P/E ratio of 41.9x, suggesting it maintains stable demand based on brand power and distribution networks, even amidst changing consumption patterns due to economic conditions.

Overall Market Outlook

The market data from May 29, 2026, depicts a complex phase where high expectations for specific industries and companies coexist with a cautious approach toward the market as a whole. The advancement of AI technology and the increasing demand for semiconductors are expected to continuously drive up stock prices for related companies. In particular, advanced technology firms like Nvidia, TSMC, and AMD are likely to maintain high growth trajectories through innovative product development and market leadership. However, high P/E ratios carry the potential risk of price corrections. The market may also react sensitively to macroeconomic factors such as future interest rate changes, inflationary pressures, and geopolitical uncertainties. Therefore, investors must comprehensively consider market-wide risk factors alongside individual company fundamental analyses. For investors seeking stable returns, focusing on value stocks like JP Morgan Chase and Berkshire Hathaway, or ETFs tracking the S&P 500 index, could be a rational strategy. Overall, it is a crucial time to analyze companies' intrinsic value and growth drivers from a long-term perspective, rather than focusing on short-term volatility.