Jensen Huang's Visit Boosts Taiwan Stocks; Analysts Focus on AI Concepts

Driven by corporate earnings and the AI boom, U.S. stocks continued to rise on the 22nd, with the Dow Jones Industrial Average hitting record highs for two consecutive trading days. Taiwan index futures rose 179 points in after-hours trading, pushing the index to a new high. Investment advisors point out that with the strength of U.S. stocks, Jensen Huang's visit, and the Computex Taipei theme, AI concept stocks and the semiconductor supply chain are expected to be the focus of the market. Regarding individual stocks, NVIDIA fell 1.9% last Friday, while AMD rose 3.99%, Qualcomm surged 11.6%, and TSMC ADR fell 0.65%. On the 22nd, the Dow Jones rose 294.04 points, or 0.58%, to close at 50,579.70. The S&P 500 rose 0.37%, the Nasdaq rose 0.19%, and the Philadelphia Semiconductor Index rose 1.99%. The Taiwan stock market opened high and stayed high on the 22nd, rising 899.76 points to close at 42,267.97, marking the first time it closed above the 42,000-point mark and setting a new record. The weekly gain was 1,095.61 points. The three major institutional investors bought a net total of NT$106.839 billion last Friday; foreign investors bought NT$76.137 billion, the fourth-largest net buy in history. KGI Securities stated that from a technical perspective, the market rose with volume last Friday, and short-term moving averages provide strong support. Combined with AI and Computex themes, the market is expected to challenge the historical high of 42,408 points in the short term.