JPMorgan raises Kospi bull-case target to 10,000 on memory chipmaker strength

JPMorgan has raised its bull-case target for South Korea's Kospi index to 10,000, citing a rebound in memory chip demand driven by AI workloads and data center capex cycles. The call reflects confidence in DRAM and HBM capacity cycles anchored to inference and training acceleration.

For CIOs and infrastructure buyers, the memo signals sustained memory demand tailwinds from large-scale model deployment and edge compute. Kospi strength correlates with Samsung and SK Hynix capex, a leading indicator of global chip supply elasticity.