According to SEMI, an international semiconductor organization,Global semiconductor manufacturing equipment sales in 2024 are expected to start increasing for the first time in 2 yearsthat's it. It will continue to increase in 25 years, and it is expected to exceed 22, which was a record high. Increased demand for generative AI and semiconductors for electric vehicles (EVs) is also a tailwind, and expectations are gathered for the device market where Japan has particular strengths. However, at the moment, factorization is progressing, and stock prices of manufacturing equipment-related brands have risen drastically, and it seems that stocks that have been delayed are attracting attention.
From among the main semiconductor manufacturing equipment manufacturers, we picked up 3 stocks with high management efficiency, but there is a sense of undervaluation in the same sector, and there is a possibility that there is room for improvement
[Screening conditions]
・Return on equity (ROE) of 15% or more
・Price-earnings ratio (PER) of 30 times or less
・The year-to-date gain/fall rate (the gain/fall rate for stocks listed this year) is 150% or less
◆ $Kokusai Electric(6525.JP)$
The predecessor was Hitachi Kokusai Electric's semiconductor manufacturing equipment business, and it was established in 2018 after being acquired by US KKR. It was newly listed on the Tokyo Stock Exchange Prime Market on 23/10/25. $SoftBank(9434.JP)$It's been a major IPO since then...

Seven high-tech companies known as the US super-large stock “M7” recorded remarkable performances last year, but as of this yearLight and dark are separated。 $Microsoft(MSFT.US)$Is3.3% increase year to dateI'm doing it, but $Apple(AAPL.US)$Amid growing concerns about growth3.4% decline。 $Tesla(TSLA.US)$Since the beginning of this year, it has only risen for 1 day (as of 1/16),Decrease of 11% or more year to dateThen, the total market value fell by just over 94 billion dollars. On the other hand, $NVIDIA(NVDA.US)$Entering this monthAn increase of approximately 11%Then, the total market value expanded by approximately 128 billion dollars.
There are probably not many investors who anticipate that the seven high-tech companies will reproduce the dramatic rise of last year for 2024. This is because the 7 major companies recorded returns like last yearAt least for the first time since 1999Furthermore, the same 7 stocks occupied the top of the S&P 500 in a rowOnly once in the past. There may be a big difference in the returns of these major high-tech companies in the future....

The US bond market on the scale of 25 trillion dollars was hit by three last week: a downgrade due to Fitch, mass issuance of US bonds, and a reduction in the Japan-US interest rate difference due to the Bank of Japan's YCC policy adjustments.
After a sharp decline in the bond market, $Goldman Sachs(GS.US)$、 $JPMorgan(JPM.US)$、 $Morgan Stanley(MS.US)$And so on, according to the latest report from the major banks on Wall Street,It is speculated that the oversale of US bonds may have gone a little too farhas started.
Also, since Berkshire, led by Mr. Buffett, reduced its stock portfolio and slowed down share buybacks, it is also attracting attention that cash on hand came close to a record high in the second quarter.Of the $147.4 billion in cash on hand, more than $120 billion has been invested in short-term US bonds。
After the sudden downgrade of US ratings by Fitch, Buffett said BerkshireWhat is the change in the idea of buying large amounts of US bonds...