Reported 8 months ago
NVIDIA and TSMC drive the wave of AI investment, leading to at least 7 billion NT dollars in capital increase for 15 AI stocks like Quanta and Delta Electronics. With Apple joining the AI industry, the investment craze intensifies in the Taiwanese stock market, pushing stocks higher despite warnings of overvaluation. The AI frenzy has attracted global funds, resulting in a simultaneous surge in the US, Taiwan, and Japanese stock markets. Major players like TSMC are the driving force behind the surge, with institutional investors buying heavily into key stocks, driving the market upwards. Foreign investors have been targeting high-value stocks, creating a trend where strong stocks become even stronger. During the bullish trend, 15 AI concept stocks, including heavyweights like Hon Hai, Quanta, and Delta Electronics, saw significant institutional buy-ins, boosting the overall market.
Source: YAHOO