Analyst Forecasted KOSPI Target of 9,000 Points
Research partner Dan Ives projects significant growth for South Korean and U.S. markets driven by AI investment.
Updated on Oct. 14, 2026 in Investing
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Analyst Dan Ives has forecasted that the KOSPI index will reach 9,000 points within the next year. He also projected the Nasdaq index will climb to 35,000 by 2029.
Why it matters
The forecast reflects an expectation that artificial intelligence development remains in its early stages, with massive capital expenditures expected from global hyperscalers.
Analyst Dan Ives projected KOSPI will hit 9,000 within 12 months, while forecasting U.S. tech stocks will rise 30 percent by 2029. Global hyperscalers plan to allocate 3-4 trillion dollars in capital expenditures for data center infrastructure.
The players
Dan Ives
He is a research partner at Yorkville Ivys who specializes in market forecasting and technology sector analysis.
Samsung Electronics
This South Korean multinational manufacturing conglomerate is a major player in the global semiconductor and memory chip market.
SK Hynix
A South Korean supplier of dynamic random-access memory chips and flash memory chips that competes globally in the semiconductor industry.
The details
Dan Ives, a research partner at Yorkville Ivys, indicated that current AI development mirrors the mid-1990s and is only 15 percent complete. He noted that Samsung Electronics and SK Hynix currently hold a three-year technological lead over ChangXin Memory Technologies.
Timeline
October 13, 2026: Nasdaq recorded 27,204.38 points.
October 14, 2026: Dan Ives held a press briefing in Seoul.
Next 6-12 months: KOSPI is expected to reach 9,000 points.
Early 2029: The memory market supply shortage is expected to end.
2029: The Nasdaq index is projected to reach 35,000 points.
Market Dynamics
This forecast fits into a broader macroeconomic cycle where analysts compare current AI infrastructure spending to the mid-1990s technological boom. The projection suggests that the market is in the early stages of a structural growth phase rather than a mature peak.
The projected rise in tech stocks may influence long-term portfolio allocations for investors tracking semiconductor and software sectors. Individual investors should monitor memory market supply updates as a bellwether for potential growth in hardware-heavy portfolios.
The takeaway
The analyst predicts that strategic investments in AI-driven infrastructure could yield significant returns for long-term market participants. Maintaining focus on the technological lead held by established manufacturers may offer insights into relative market performance.
Further reading
For more information on market strategies, visit the Investing section.
Source note: This article includes information reported by 조선일보.
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