Reported about 1 year ago
Benefiting from AI themes, the performance of Cathay Taiwan 5G+ ETF (00881) has reached 21.13% in nearly three months, grabbing the top spot for Taiwan ETF returns. With Taiwan Semiconductor Manufacturing Company (TSMC) as its largest component stock and 80% of holdings being designated by NVIDIA CEO Huang Renxun, coupled with Apple releasing new AI features, it is expected to soar alongside other 'Apple concept stocks'. Following the market downturn, 00881 also presents a sweet price below NT$25 today. With a strong performance since June, recent corrections have seen increased investor participation, with trading volume reaching 30,000 shares. As the market is pressured by US stock selling, 00881 also drops below NT$25, prompting buying interest with nearly 10,000 shares traded in the first half-hour. Investment institutions are positive about Apple's transformation with Apple Intelligence, estimating a record number of 270 million old iPhones upgrading to the latest model, potentially igniting Apple's supply chain revenue in the second half of the year. 00881's component stocks are Taiwan's tech leaders, holding over 60% in Apple concept stocks, and with the support of AI and 'Double A themes' (AI and Apple), future prospects are optimistic.
Source: YAHOO