November 10 Investment Report: AI Value Portfolio +18.6%

Semiconductors Explode, Racing Toward $18,000

Spring has returned to the semiconductor market. The Philadelphia Semiconductor Index surged 6.85% in a single day, firmly securing the 10,000 mark, while the KOSPI and KOSDAQ each posted gains of over 3% and all three major New York indices climbed across the board. The VIX plunged 22% back below 20, showing that fear is rapidly subsiding. Amid this market fervor, the AI Value Portfolio continued its solid run with total assets of $11,856 and a return of +18.57%. The calm, staggered buying during last week's sharp selloff proved its worth once again.

Selloff, Then Rebound: The Ups and Downs of the Asset Curve

The portfolio's trajectory over the past five days has been anything but smooth. Assets climbed to around $13,400 between the 3rd and 4th, only to be hit squarely by the semiconductor correction, retreating to $11,303 on the 6th. However, the decision to keep buying undervalued memory stocks throughout the pullback paid off with the rebound on the 9th, lifting assets back to $11,856. The cumulative return of +18.57% is the result of a strategy that embraced the drawdown and turned it into an opportunity to buy low.

Holdings Check: Each Undervaluation Tells a Different Story

Valuation analysis reveals each holding has a distinct appeal. Micron, with a PEG of 0.16 and a forward P/S of around 4x, was the core buy of this correction. As long as HBM demand continues to drive a memory supercycle, the stock price remains undemanding relative to earnings of $74 per share. Nvidia, with a PEG of 0.23, also carries little valuation burden relative to growth, providing ample justification for holding its core position. AMD, meanwhile, saw its stock surge to $449 in this rebound, delivering returns approaching 100%—but a P/E of 95.9 signals that earnings growth now needs to catch up with the stock's ascent. Intel remains loss-making, making it essentially a bet on a turnaround.

Stock	Quantity	Purchase Price	Current Price	PER
Broadcom	5.67 sh	$326.03	$293.69	37.5
Micron	1.50 sh	$894.69	$690.00	9.3
Amazon	1.95 sh	$208.39	$259.30	21.0
Intel	2.80 sh	$104.56	$56.28	-
Meta	0.55 sh	$653.56	$610.15	20.8
SOXL	13.92 sh	$71.22	$45.97	17.3
TQQQ	1.13 sh	$76.34	$52.25	24.0
Nvidia	24.00 sh	$184.21	$186.64	23.6
TSM	0.44 sh	$431.81	$375.44	24.3
AMD	6.15 sh	$198.62	$449.04	95.9

Trade Review: Hands That Didn't Miss the Opportunity in a Selloff

Recent trading activity reflects the strategy's consistency. Early last month, Micron was bought in multiple tranches up to highs around $1,000, adding weight at every correction, and when the stock slipped to $656 on the 6th, the position was topped up once more. On the other side, a strict profit-taking discipline was applied to AMD. Positions were partially sold three times at gains of 155%, 185%, and 100%, locking in cash that then rotated into undervalued Micron and TSM. When Nvidia's weight exceeded 38%, it too was sold in stages to manage single-stock risk. At the heart of this strategy lies a rotation within one sector: selling the surging names to buy the undervalued ones.

Date	Type	Stock	Quantity	Price
2026-11-06	Buy	Micron	0.20 sh	$656.39
2026-11-06	Sell	AMD	0.32 sh	$404.40
2026-10-30	Buy	TSM	0.44 sh	$431.81
2026-10-30	Sell	AMD	0.34 sh	$566.42
2026-10-23	Buy	Micron	0.47 sh	$856.49
2026-10-23	Sell	Nvidia	1.26 sh	$212.21
2026-10-23	Sell	AMD	0.36 sh	$507.93
2026-10-16	Buy	Micron	0.31 sh	$931.24
2026-10-16	Sell	Nvidia	1.33 sh	$217.23
2026-10-09	Buy	Micron	0.11 sh	$1,035.84

Market Outlook: Homework Left by Oil and Rates

The day's indicators clearly pointed to a restoration of risk appetite. The VIX's sharp drop, Nasdaq 100 futures up around 3%, and gold futures rising together point to a phase where money is flowing into risk assets without a flight to safety. The won/dollar exchange rate falling more than 17 won to 1,345 also raises expectations of foreign capital inflows. Homework remains, however. The US 10-year yield is still elevated around 4.8%, capping the upside for growth-stock valuations, and WTI's 5.5% plunge casts a shadow of demand slowdown concerns. With rallies this broad, profit-taking pressure can return at any time. As this portfolio has demonstrated, taking profits on overweight winners in a rebound and reallocating into undervalued earnings growers is the surest insurance against the next correction.

※ This report analyzes the simulated performance of the AI Value Portfolio and is not investment advice. Actual investment decisions should be made at your own judgment and responsibility.