November 12 Investment Report: AI Value Investing Portfolio +23.1%

Catching Its Breath Amid Semiconductor Strength... AI Value Investing Portfolio Holds 23% Returns

While the U.S. market closed higher, led by semiconductors, the domestic market showed a lukewarm performance. The Philadelphia Semiconductor Index surged 5.66% in a single day, signaling a revival of investor appetite for AI infrastructure, whereas the KOSPI rose only modestly and the KOSDAQ fell more than 1%. Against this backdrop, the AI Value Investing Portfolio maintained a cumulative return of +23.07%, with total assets at $12,307. Still, the five-day asset trend shows the portfolio started at $13,100 on November 5 and fluctuated since, taking a bit of a breather.

Discipline Maintained Amid Wild Swings

The portfolio's asset curve was turbulent just last week, swinging between $11,303 and $13,100. Micron's double-digit correction over a short period shook the entire portfolio. Yet the strategy's consistency never wavered. Each time the market plunged, cash was deployed to buy undervalued assets — the principle of staggered buying was adhered to throughout — and as a result, assets returned to a recovery trajectory on November 11. The VIX falling more than 10% in a single day also reads as a sign that market fear has, for now, subsided.

Holdings Diagnosis: The Center of Gravity of Undervaluation Lies in Memory and AI Leaders

Stock	Shares	Purchase Price	Current Price	P/E
NVIDIA	24.00	$184.21	$168.89	21.4
Micron	1.50	$894.69	$725.11	9.8
AMD	6.15	$198.62	$515.21	110.1
Amazon	1.95	$208.39	$270.87	21.9
Broadcom	5.67	$326.03	$331.98	42.4
Intel	2.80	$104.56	$58.13	-
Meta	0.55	$653.56	$641.39	21.9
TSMC	0.44	$431.81	$396.48	25.7
SOXL	13.92	$71.22	$56.06	21.1
TQQQ	1.13	$76.34	$56.56	26.0

Each holding has its own distinct appeal. Micron trades at a P/E below 10 despite earnings per share topping $74, with a growth-adjusted PEG of just 0.16 — figures that show how much of its growth remains unpriced. As long as HBM demand continues, the thesis of a memory supercycle remains valid. NVIDIA, too, carries a PEG of 0.22, still modest relative to its growth. AMD, on the other hand, looks expensive on the surface with a P/E above 110, but its growth-adjusted PEG is a low 0.46. Having already booked gains exceeding 150%, the more natural interpretation is that AMD has entered a phase of earnings validation rather than carrying a speculative premium. Intel remains loss-making, making earnings-based valuation difficult, and its character is largely that of a thematic rebound play.

Trade Review: The Rhythm of Profit-Taking and Reallocation

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

The trading pattern shows a clear rhythm. Micron was bought in four installments over the past month, with the average cost lowered from $1,036 to $656 per share — a textbook example of turning a plunge into an opportunity through staggered buying. Conversely, surging AMD and NVIDIA, whose weight had exceeded 38%, were periodically trimmed to control single-stock risk. Notably, the NVIDIA sales were not an abandonment of a core position but a rotation, shifting capital to more undervalued assets within the same sector. A cash balance of just $54 also means capital is deployed across holdings rather than sitting idle.

Market Outlook: Caution Within Optimism

Taken together, the indicators point to a coexistence of optimism and caution. The semiconductor index surge and the plunge in the VIX suggest a return of risk appetite, while the won-dollar exchange rate falling to the 1,330-won range signals weakening demand for safe-haven assets. However, with the U.S. 10-year Treasury yield hovering near 5%, valuation pressure on growth stocks remains a live variable. Nasdaq 100 and S&P 500 futures already trading slightly lower also serve as a cautionary signal that the day's rebound may not immediately carry forward. In this market of swinging rates and volatility, sticking to the current strategy — profit-taking on surge days, staggered buying of undervalued names on plunge days — is likely the surest path to avoiding costly mistakes.

※ This report analyzes the simulated operation of the AI Value Investing Portfolio and does not constitute investment advice. Actual investing should be carried out under your own judgment and responsibility.