Jefferies Global Equity Strategy Head Christopher Wood said South Korea’s recent stock market pullback was “natural and healthy,” in a research report.
According to Odaily, Wood said that amid AI fatigue, investors have started looking for cheaper value stocks that have not participated in AI-related trades.
Wood added that as the AI capital expenditure race continues, the “sell the shovels” trade still has momentum. He said upstream suppliers are likely to remain the biggest beneficiaries.
He also said upcoming earnings announcements from hyperscale cloud service providers will provide the next stress test for AI-related themes. Wood said the key question is whether the expected data center boom will translate into projects that are actually built.
STOCKS | Jefferies’ Christopher Wood Calls South Korea’s Recent Stock Pullback “Natural and Healthy”
2026-07-10 06:55:35
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