Nomura Securities Team: It is premature to assert that chip stocks have peaked.

Nomura Securities team stated that it is still too early to assert that chip stocks have peaked. They believe that the upward momentum of chip stocks will continue for two reasons: first, major data center operators who are either thriving or exiting the market will continue their investments in 2027, partly due to rising costs of storage chips; and second, data center construction plans are accelerating. The team described the recent chip price correction as "healthy," but also warned that the market has yet to digest some potential risks and shortages that may arise in the future.