KB Securities Raises Kospi Target to 10,500 on AI Chip Demand

KB Securities said the index could reach 10,500 points within this year. According to mk.co.kr, the brokerage sharply raised its semiconductor earnings estimates on expanding AI demand and lifted its target by 40%, from 7,500 to 10,500. It projected combined operating profit for Samsung Electronics and SK Hynix at 630 trillion won in 2026. KB Securities said earnings estimates are rising faster than the index because of AI investment. While it left room for a short-term correction, it said the current trend is difficult to define simply as a bubble. Source: mk.co.kr