Reported 8 months ago
On June 18, 2024, Senior Taiwanese Stock Analyst Lian Qianwen analyzed the economic events, noting that the US economic situation seems more apparent with various manufacturing indices showing mixed results. However, US stocks, particularly those related to AI, have been surging, which is beneficial for the Taiwan stock market. Leading AI companies like NVIDIA are performing well, and foreign institutions have raised TSMC's target price to over 1,000 NTD, citing positive developments in the AI sector and the demand for TSMC's manufacturing services.
Source: YAHOO