Chayanon says tech stocks still have room to run, recommends watching Memory Chip and NVIDIA

Analyst
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Summary · why it matters

Chayanon Rakkanjanun, co-founder of Finnomena Group and CEO of Finnomena Funds, said technology stocks have not yet run their course, despite heavy volatility since the start of the year from four main factors: rapid changes in AI technology, capital rotation following technology, uncertainty from tensions in the Middle East, and signals from Kevin Warsh, chairman of the US Federal Reserve, that interest rates could rise, with US government bonds hitting their highest level in 25 years since the subprime crisis, pressuring tech stocks. Chayanon pointed to positive signals from South Korean chip exports by Samsung and SK Hynix, which grew more than 100 percent from May to July 2026, still-high demand for High Bandwidth Memory and DRAM, continuously rising GPU rental prices, and second-quarter 2026 results from hyperscalers including Google Cloud Platform, Microsoft Azure, Amazon Web Services, and Meta Platforms that beat expectations, along with announced data center capital spending totaling 700 billion dollars this year and 1 trillion dollars next year. He recommended avoiding or investing only lightly in the Memory Chip group, choosing Micron, said NVIDIA has no competitor for four to five years, picked Google among the hyperscalers, and pointed to an advantage in Japanese stocks for AI inspection, while recommending the LHSUPERAI fund, which invests across the full supply chain.

Impact on stocks 7

Artificial Intelligence▲ · 5 stocks
NVIDIA Corporation
NVDA
▲ PositiveTechnologyrelevance

NVIDIA has no competitor for four to five years, and AI technology advancements drive demand for its GPUs.

Semiconductors▲ · 2 stocks
Micron Technology Inc
MU
▲ PositiveDemandrelevance

High demand for HBM and DRAM, positive signals from Samsung and SK Hynix chip exports, and rising GPU rental prices indicate strong memory demand.

Theme Impact 9

Off-coverage companies 1

FinnomenaPrivate± Mixed
relevance

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