KBW2026, WE'RE COMING 🔥 Seoul. Sept 30 – Oct 1. Come find the PancakeSwap booth at @kbwofficial. We're pulling up with exclusive merch and a [REDACTED] machine. Twist. Pop. 👀 T-minus 5 days. 꼭 와요! 🇰🇷

KB Securities: the spread of Al agents should structurally increase memory usage across Al data centers-from CPUs and GPUs to HBM, DDR5, and eSSD-as they require far more frequent and sustained inference workloads than conventional generative Al. $AMD $INTC $NVDA $MU $SNDK

KB HOME $KBH Q3’26 EARNINGS HIGHLIGHTS 🔹 Revenue: $1.3B; -20% YoY 🔹 EPS: $1.05 (Est. $0.88) 🟢; -35% YoY 🔹 Housing Gross Profit Margin: 16.5%; -170 bps YoY 🔹 Homes Delivered: 2,732; -19% YoY Affirms FY26 Guide: 🔹 Deliveries: 10,500-11,000 homes 🔹 Housing Revenues: $4.90B-$5.10B 🔹 Housing Gross Profit Margin: 16.0%-16.2% 🔹 SG&A as % of Revenues: 11.5% to 11.7% 🔹 Effective Tax Rate: ~23% Q4 Guide: 🔹 Deliveries: 3,000-3,500 homes 🔹 Housing Revenues: $1.45B-$1.65B 🔹 Housing Gross Profit Margin: 16.0%-16.6% 🔹 SG&A as % of Revenues: 10.3% to 10.9% 🔹 Effective Tax Rate: ~26% 🔹 Ending Community Count: 270-275 Segment Net Revenue: 🔹 Homebuilding: $1.3B 🔹 Financial Services: $4.8M Other Q3 Metrics: 🔹 Adjusted Housing Gross Profit Margin: 16.8%; -210 bps YoY 🔹 Homebuilding Operating Income Margin: 5.2%; -290 bps YoY 🔹 Net Orders: 2,604; -12% YoY 🔹 Backlog Value: $2.1B; +3% YoY Key Updates: 🔸 Housing gross profit margin guidance for Q4 and the full year assumes no inventory-related charges Comments: 🔸 “conditions weakening since our June earnings report. Higher mortgage interest rates have further pressured affordability” 🔸 “we continue to expect our full-year deliveries, housing revenues and margins to be within the ranges we last provided.”

.@kbwofficial is where elite leaders, builders, and communities shaping the future of digital assets are meeting. Angus Chung and Sean Stubbings @0xSeanSS (Heads of Business Development) will be on the ground in Seoul. Reach out to our team to discuss partnerships and collaborations. See you there 🤝 #KoreaBlockchainWeek#

KB Securities outlook on $DRAM $SKHY $MU “Samsung Electronics and SK Hynix are expected to escape from an extreme undervaluation phase.” Hyperscalers’ AI infrastructure investment next year is projected at $1.3 trillion, up 60% from this year. Memory’s share of AI infrastructure investment is expected to rise from 14% in 2025 → 40% in 2026 → 57% in 2027. TrendForce sees it even higher at 68%. “The current extreme undervaluation could lead to a powerful re-rating.” Over the next three years both companies’ earnings could hit all-time highs, and large-scale shareholder-return policies are expected to continue.

KBDL and KORH set new daily rainfall records today. 🌧️ KBDL: 2.33" (previous record: 1.32") 🌧️ KORH: 2.64" (previous record: 1.82") With several hours still left in the day, these totals will increase. A final record report will be issued overnight. #CTwx# #MAwx#