The Thai stock market (SET) is expected to trade in a narrow range of 1,610-1,630 points today, with semiconductor stocks (DELTA, HANA, KCE) driving short-term momentum due to global demand for AI chips and increased HBM4 production capacity from major players. A brokerage recommends short-term trading positions in semiconductor plays while gradually accumulating foundational stocks (CPALL, CPN, HMPRO, KBANK, SCB) and tourism stocks, pending U.S. CPI/PPI data that will shape Fed rate expectations.