US Valuation All-Weather: AI Value Investment Report Records 39% Returns

[Daily Market Insight] Wall Street's Tech Upswing and the Divergence of the Han River... The Sturdy Shield of the 'AI Value Investment Portfolio'

In the early hours of the 3rd, global financial markets displayed a stark contrast best described by the word polarization. While the US stock market, led by the Nasdaq, continued its upward momentum as tech optimism revived, the domestic KOSPI plummeted below the 6,300 mark, pushed down by foreign investor exodus and currency variables. Amid these strong external headwinds, the **AI Value Investment Portfolio** maintained a stable return of 39.11%, leveraging a robust valuation buffer centered on US semiconductors and Big Tech. We will examine how this strategy, which seeks the 'right price for technology,' is navigating the era of volatility.

A Performance Curve Unbent by Volatility

The portfolio's asset flow over the last 5 days has been like a rollercoaster. After peaking at around $14,800 in late July, asset value briefly consolidated before stabilizing at the current $13,911 level. It was not merely surviving on rising stock prices. The decision on July 24th to aggressively rotate sectors by capitalizing on the relative undervaluation of the semiconductor index (SOXX) compared to the Nasdaq played a major role. The decisive move to reduce exposure to TQQQ (Nasdaq 3x Leverage) and pivot funds into SOXL (Semiconductor 3x Leverage) served as a critical leverage factor, channeling the subsequent momentum of the semiconductor theme directly into portfolio returns.

The 'Quality' of Holdings Based on Valuation

Analysis of the core holdings in the portfolio goes beyond a one-dimensional view of whether stock prices rose or fell. Based on the PEG (Price/Earnings-to-Growth) ratio, the strategy has identified a phase where top-tier tech companies are aggressively capturing growth.

Ticker	Qty	Bought At	Current Price	PER
AVGO (Broadcom)	5.67	$326.03	$387.84	64.5
AMD (Advanced Micro Devices)	7.17	$198.62	$485.39	161.3
MU (Micron Technology)	0.25	$996.00	$874.66	16.7
NVidia (Nvidia)	25.76	$183.15	$195.04	29.9
Amazon (Amazon)	1.95	$208.39	$235.50	27.1
META (Meta)	0.64	$653.56	$539.03	20.3
TQQQ (ProShares UltraPro QQQ)	1.70	$76.34	$63.30	32.5
SOXL (Direxion Daily Semi)	18.93	$71.22	$114.72	19.5

In the case of Micron (MU), the PER of 16.7x and PEG of 0.11 suggest it is a representative undervalued opportunity, implying the market is underestimating the tech-driven semiconductor cycle. Conversely, while Nvidia (NVDA) and Broadcom (AVGO) record high PERs, their PEG remains around 0.5, suggesting that future growth is not yet fully reflected in current stock prices, indicating they may even be undervalued. In particular, Amazon (AMZN) and Meta (META) maintain stable valuations in the late 20s to early 30s range, acting as a shield for the portfolio.

The 'Tag' of Sector Rotation

The most significant characteristic of this strategy is establishing 'value criteria' as an unshakable bulwark. Recent transaction logs show a continuous reduction in Meta exposure at the end of July. As momentum for the advertising platform weakened due to concerns over high dividend ratios and delayed AI monetization, funds were毫不犹豫ly transferred to AI semiconductors (SOXL). This is not merely a profit realization but an aggressive reallocation of capital to the semiconductor sector, which is undervalued based on PEG and boasts higher growth potential.

Date	Type	Symbol	Qty	Price	Note
2026-07-31	Buy	SOXL	1.57	$114.72	Semiconductors (SOXX) PEG 0.625 undervalued, expecting leverage upside
2026-07-31	Sell	TQQQ	0.30	$63.30	Focusing capital on AI semis due to SOXL undervaluation
2026-07-31	Sell	META	0.11	$539.03	Delayed AI monetization & intensifying competition, sector rotation
2026-07-31	Sell	SOXL	0.87	$114.72	Partial profit realization after surge and weight adjustment
2026-07-24	Buy	SOXL	1.07	$157.50	SOXX PEG (0.81) undervalued, maximizing leverage returns
2026-07-24	Sell	TQQQ	0.86	$66.30	Inferior valuation and growth compared to SOXL

Outlook: The Dance of Rates and FX, and the Time for Semiconductors

Currently, the Won/Dollar exchange rate has soared to the 1,430 won level, and US 10-year Treasury yields are nearing 4.7%, heightening uncertainty in global financial markets. The fact that the Gold (VIX) index is formed at a relatively low 15.99 can be interpreted as a warning sign that actual volatility could intensify. However, such macro risks may actually serve as a defensive mechanism for valuation-based strategies like the 'AI Value Investment Portfolio.' The AI semiconductor sector, which is receiving a valuation discount (low PEG) even amid rising rates, is likely to become a haven for hedge funds and institutional investors confident in future growth. The fact that oil prices are holding the $80 line also implies normalization of industrial production following supply chain recovery.

For the time being, global equity markets will continue to fluctuate based on the direction of US interest rates and domestic currency defense. However, the tech sector, backed by earnings and growth, will generate clear alpha amidst this chaos. Since this portfolio holds 'reasonably priced growth stocks' as its active ingredients, it is worth expecting expanded returns as the relative valuation gap between sectors narrows, rather than worrying about short-term market volatility.

※ This report analyzes the simulated operation history of the AI Value Investment Portfolio and is not a recommendation to invest. Actual investments should be made at your own judgment and responsibility.