A 1,200% Surge Tests Nerves of Investors in Korean AI Chip Stock
- Hanmi Semiconductor has surged on AI boom, CEO share purchases
- ‘Some investors are having second thoughts’: DS Asset’s Yoon
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The nearly 1,200% share-price leap in Hanmi Semiconductor Co. since the end of 2022 has some investors seeking to cash out amid scorching valuations.
Hanmi Semi is the most expensive stock on a regional gauge of chip-related peers, relative to forward earnings estimates. That makes positives including demand for the South Korean firm’s AI-related chipmaking equipment and buying of the stock by its billionaire chief executive look more than fully priced in.