The End of Blind Nvidia Buying: Korean 'Seohak Ants' Pivot to US Memory Giants
Summary Korean retail investors, known as "Seohak Ants," are reducing their exposure to the "Magnificent 7" (M7) in favor of memory semiconductor stocks. In early 2026, these investors net sold approximately 870 billion KRW (~$627 million) worth of Nvidia and turned toward Micron and Western Digital (SanDisk). This tactical shift suggests a move from GPU-centric bets to the memory bottleneck phase of the AI cycle, mirroring the domestic dominance of Samsung and SK Hynix. What Happened According to the Korea Securities Depository, the legendary devotion of Korean retail investors to the "Magnificent 7" is cooling. While overall Korean investment in US stocks surged from $6.4 billion to $8.9 billion (~12.9 trillion KRW) recently, net purchases of M7 stocks actually dropped by over 10% compared to last year. Most notably, investors sold off Nvidia (NVDA) worth $627.29 million and Meta (META) worth $302.38 million. Instead of the usual big-tech giants, the c...
