Green Energy Concept Stocks Ride on AI Trend

Reported 12 months ago

NVIDIA, a dominant AI player, expands investment in Taiwan and plans to purchase green energy, while cloud service providers AWS, Google, Microsoft, and Apple announce plans to set up data centers in Taiwan, igniting a massive demand for electricity. This shift has transformed green energy stocks into new 'AI concept stocks'. Investment experts indicate that related sectors such as solar energy, renewable energy, recycling, and energy storage will benefit, with the possibility of significantly higher P/E ratios and stock price increases. Notable stocks include SanWe Energy, Great Asia, and Hongde Energy-Creation, among others. Following bullish forecasts from experts like Yuanta Securities Chairman Tsai Ming-Yan and Fubon Securities Vice President Huang Wen-Ching, green energy benchmark stocks like leopard energy and SanWe Energy saw substantial gains last week. These developments highlight the potential for profitable growth in the green energy sector, with increased investor interest and trading volumes observed among selected stocks.

Source: YAHOO

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