Reported 8 months ago
Tech stocks in the US are under selling pressure, while AI leader NVIDIA is expected to see a pullback correction before its shareholders' meeting next week, causing Taiwan stock market to enter a high-level consolidation phase. Investment institutions are optimistic about the Q3 layout, with AI and semiconductors being the long-term dual focus. As the semiconductor industry benefits from the AI trend, particularly with NVIDIA's upcoming shareholders' meeting and founder Huang Renxun's positive outlook on AI, the market is expected to focus more on AI supply chain topics. The global semiconductor manufacturing industry is showing a rebound in memory and logic chips driven by AI demand, with Taiwan having been the largest consumer of semiconductor materials for 14 consecutive years. Looking ahead, the AI and semiconductor sectors are expected to remain the main focus for Taiwan stock market investments in the second half of the year, along with other sectors like electronic tags, electric vehicles, high-speed computing and transmission, and biotech.
Source: YAHOO