Reported about 1 year ago
With the establishment of AI data centers by three major cloud service providers in Taiwan, the Ministry of Economic Affairs predicts a growth of over 3% in electricity consumption in the coming years due to the demand for AI data and processing power. As concerns about a potential power shortage arise, the concept stocks related to resilient power grids have become a market focus, with stocks like Dong Yuan (1504), Hua Cheng (1519), and Rong Xing (1617) performing well. The Ministry of Economic Affairs also pointed out the upcoming AI application boom period from 2025 to 2028, leading to the strengthening of various related concept stocks in electric power, energy storage, electrical wiring, smart meters, and more.
Source: YAHOO