After doubling, can it rise by another 35%? Goldman Sachs raises target for South Korean KOSPI index to 12000 points, betting on continuation of AI storage cycle.

Zhitan Finance APP learned that the South Korean stock market has doubled this year, but Goldman Sachs strategists stated that as South Korean artificial intelligence chip giants continue to drive profit growth, there may still be further upward momentum in this rally. Goldman Sachs raised the 12-month target price of the Korean Composite Stock Price Index (Kospi) from 9000 points to 12000 points on Wednesday, a 35% increase from the current level.