Fundstrat’s Tom Lee is urging investors to capitalize on every correction, labeling the recent pullback in South Korean tech giants SK Hynix Inc. ADR (NASDAQ:SKHY) and Samsung Electronics as a prime purchasing window rather than a structural decline.

Deconstructing the market jitters, Lee views the five-to-six-week downswing in momentum trades as a temporary breathing room within a multi-year artificial intelligence expansion.

Seizing the Semiconductor Dip

Lee, in a conversation with CNBC International, firmly dismissed fears surrounding the recent drop in global chip stocks, stating that the market has overextended its downward momentum. This came after SK Hynix and Samsung fell sharply on the KOSPI Composite Index on Monday.

Despite the sizable scale of the correction, he characterized the sell-off as a healthy pause following extraordinary year-to-date gains in Taiwan and South Korea.

He described the current tech cycle as a “massive massive industrial build that is going to last for years,” adding definitively that “all those dips are buyable.”

“When I look at the larger story and the secular story behind AI, to me, I’m going to land in that camp that I think the sell-off, even though it seems sizable, is probably just a normal consolidation,” Lee remarked.

Focusing on the technical overshoot, he noted that for U.S. and closely linked global memory equities, “we would be buying any of those dips.”

The Indispensable Role of Memory Leaders

Addressing concerns regarding the broader South Korean KOSPI index dipping into a bear market, Lee emphasized that the fundamental drivers behind AI infrastructure remain completely unaltered.

Together, Samsung and SK Hynix command roughly 57% to 60% of the KOSPI, making them foundational to the global tech ecosystem.

“Unless memory and semiconductors are no longer central to an AI story… there is no reason to be worried about Korea or SK Hynix or Samsung,” Lee asserted.

A Structural Shift to US Capital

The investment thesis arrives amid a major structural milestone for SK Hynix, which recently debuted its American Depositary Receipts (ADRs) on the Nasdaq, raising $26.5 billion.

Lee pointed out that this listing unlocks direct exposure for a wealthy U.S. investor base currently holding $7 trillion in sidelined cash.

This newly established cross-border access is expected to draw institutional index arbitrage funds, which will ultimately help stabilize price differences between the U.S. and Korean markets.

How Has SKHY ADR Performed Since Listing?

Listed on July 10, SKHY shares were 27.06% higher since the debut on the bourses last week.

After a 9.32% fall on Monday, the ADR shares rebounded on Tuesday to close 27.29% higher at $193.92 apiece. However, it again slipped by 5.70% in the premarket on Wednesday.

Benzinga’s Edge Stock Rankings indicate that SKHY maintains a strong price trend in the short, medium, and long terms, with a solid growth score.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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