Reported 12 months ago
On June 29, 2024, AI dominator Nvidia expanded its investment in Taiwan and expressed interest in purchasing green energy, while cloud service providers AWS, Google, Microsoft, and Apple announced plans to establish data centers in Taiwan, sparking a surge in electricity demand. This transformed green energy stocks into new 'AI concept stocks'. Experts believe that this trend will benefit related groups such as solar energy, renewable energy, recycling, and energy storage, with a significant increase in P/E ratios and stock prices. Leading the charge in the second half of the Taiwan Stock Exchange, companies like Senvic Energy and others are favored by institutional investors, with Senvic Energy witnessing considerable growth in stock prices. Law firm analysis suggests that the 12 green energy concept stocks may experience a price increase driven by the AI boom, with cloud energy rising as the first to profit greatly, followed by forest vicarious energy, Da Ya, green power, Hengde Energy-Creation, Tai Mao, Chang Xin, Zhong Yu, Guang Long, Tai Jing, Xin Men, Pinghe Environment-Creation, and Tian Fang Energy, all of which received significant buys from institutional investors. Overall, this group of stocks is in a favorable position due to the increase in trading volume and price, with green energy re-emerging and trading volumes surging by 1,565%, and stock prices rising more than 37%. The company, being the first domestically licensed recycler, is Taiwan's largest waste electrical and information equipment recycling processor, selling valuable recyclable materials to downstream industries. With AI's increased electricity demand and the harsh summer weather, the use of electricity has skyrocketed, signaling a bullish trend for the green energy sector.
Source: YAHOO