Funding the 'mother of all cycles': Chris Wood cuts Indian stocks to double down on South Korean chip giants

Funding the 'mother of all cycles': Chris Wood cuts Indian stocks to double down on South Korean chip giants

Jefferies’ Christopher Wood has reallocated his flagship Greed & Fear portfolios to “increase exposure to tech hardware,” cutting selected Indian positions to fund bigger bets on South Korean memory champions SK Hynix and Samsung Electronics as the AI capex boom intensifies. He is pivoting towards what he calls the “picks and shovels” winners of the “mother of all cycles,” arguing that memory has become the core engine of the AI era and still looks cheap on earnings metrics.Wood describes t…

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