【Top Gainers Analysis】Is Taiwan's Stock Market Frenzy Here? Don't Regret Missing 6182 Hefei +329%! Hidden Clues in TSMC's Upcoming Earnings Call, as Capital Flood Quietly Shifts Toward New Dark Horse Sectors?!

Is Taiwan's stock market frenzy here? Don't regret missing 6182 Hefei +329%! Hidden clues in TSMC's upcoming earnings call, as capital flood quietly shifts toward new dark horse sectors?!

Shared with you in the video

(Like, subscribe, and turn on notifications)

Let’s take a look at today’s Taiwan stock market!

The weighted index opened high but ended lower after intraday volatility, closing down 379.80 points at 45,354.61, with a turnover of NT$944.341 billion.

Analyzing today’s institutional investor activity: foreign investors sold NT$47.132 billion, investment trusts bought NT$15.410 billion, and proprietary traders sold NT$7.671 billion. Combined, the three major institutions sold a net NT$39.393 billion. Foreign investors and proprietary traders have sold for six consecutive days, while investment trusts have bought for thirteen consecutive days, accumulating a net purchase of NT$129.112 billion.

U.S. stocks showed mixed results on Wednesday. Rising geopolitical risks in the Middle East fueled market risk aversion. The Dow Jones Industrial Average and S&P 500 both closed lower. However, renewed buying in AI-related stocks lifted the Nasdaq and the Philadelphia Semiconductor Index. Former U.S. President Trump announced the end of the temporary ceasefire with Iran, emphasized no intention to negotiate further, and warned of potential additional military actions. Subsequently, U.S. forces launched airstrikes on Iranian targets in response to attacks on commercial vessels in the Strait of Hormuz and surrounding waters. This reignited concerns over energy supply and global shipping safety, pushing Brent crude futures sharply higher and lifting U.S. Treasury yields. Investors began reassessing global risk appetite. The Dow fell 576 points, the S&P 500 also declined, while the Nasdaq rose 0.2% and the Philadelphia Semiconductor Index surged 2.23%. Tech stocks remained a key support for U.S. markets. Broadcom (AVGO-US) jumped 4.8%, and NVIDIA (NVDA-US) rose 3.65%, driven by news that China may allow top-tier AI firms to purchase H200 AI chips. This boosted optimism for AI servers, high-performance computing, and advanced chip demand, leading to a clear rebound in semiconductor sector buying. This indicates that despite rising geopolitical risks, the long-term AI growth trend remains intact.

Strong U.S. tech performance boosted Taiwan’s market early, with electronic heavyweights leading a strong opening. The weighted index surged over 300 points intraday, successfully reclaiming the 46,000-point level. However, as the index approached recent highs, profit-taking pressure emerged, narrowing gains. It closed down 379.80 points at 45,354.61, with turnover at NT$944.341 billion. The market remains in a high-level consolidation phase, showing cautious investor sentiment, though the bullish structure remains intact. Capital continues to rotate healthily, with electronics remaining the focus. Passive components and memory stocks stood out. Yageo (2327-TW) and Hectronic (2428-TW) saw strong price gains, reflecting optimism for a gradual recovery in electronic component demand in the second half. Memory stocks like Nanya Technology (2408-TW), PSMC (3006-TW), and Etron (5351-TW) also surged. With growing demand for AI servers, high-bandwidth memory, and edge computing, the industry outlook remains positive, attracting active capital deployment. Meanwhile, TSMC (2330-TW) remains the market’s key bullish indicator, supported by strong demand for advanced processes and AI chips, continuing to anchor the Taiwan market.

Looking ahead, Q3 marks the traditional peak season for the electronics industry. Demand for AI servers, high-speed computing, advanced packaging (CoWoS), and high-performance computing continues to rise. As major cloud service providers expand capital spending, the semiconductor supply chain outlook remains optimistic. Although short-term risks such as Middle East tensions, U.S. policy moves, ex-dividend season, and international capital flows may cause volatility, the overall bullish trend remains unchanged. The market is expected to maintain a volatile but upward bias. Investors are advised to prioritize stock selection over market timing, focusing on AI, semiconductors, memory, high-speed transmission, and high-dividend stocks. Companies with improving fundamentals and clear revenue growth momentum are likely to attract capital in the second half.

Regarding major stocks: TSMC (2330-TW) fell 2.03% to NT$2,415. Citigroup upgraded its outlook, raising the target price from NT$2,875 to NT$3,800 and maintaining a 'Buy' rating. This is due to rising AI demand boosting visibility for advanced process and packaging orders. Analysts expect strong demand for 2nm and 3nm processes, with foundry prices likely to rise next year. Expanding CoWoS and SoIC advanced packaging capacity will further enhance profitability. Citigroup also raised its capex forecast, believing TSMC’s scale, utilization rates, and pricing power will allow it to benefit from the AI infrastructure investment boom, sustaining long-term growth.

Hon Hai (2317-TW) traded flat, closing at NT$237.5. June consolidated revenue reached NT$821.76 billion, up 52.1% year-on-year, a record for the period. Q2 revenue hit NT$2.51 trillion and H1 reached NT$4.64 trillion, both record highs. Strong demand for AI servers and AI racks, along with component shipments, drove excellent performance in cloud networking products. With communications and IT products entering the traditional peak season, Hon Hai expects Q3 operations to maintain growth momentum, with both sequential and year-on-year revenue increases. However, the company warns of potential impacts from global political and economic conditions and supply chain changes.

MediaTek (2454-TW) fell 1.75% to NT$3,925. Multiple foreign brokers recently raised price targets, with some as high as NT$10,000, citing AI ASICs as a future growth engine. Analysts project MediaTek’s AI ASIC revenue could rise from $12.3 billion in 2027 to $20.3 billion (nearly 50% of total revenue), and further to $52.5 billion by 2028 (nearly 70%). With rising demand from cloud providers and new AI ASIC projects ramping up, MediaTek’s future profit growth is highly anticipated.

05/10/2026 Economic Daily News advance preview: (3374-TW) Jingtsai

(3374-TW) Jingtsai: NT$212.5 → NT$356.5, +67% after preview

Jingtsai benefits from expanding wafer testing operations. Its 2026 outlook remains positive. Despite some revenue impact from 3D sensor redesign in Q4, new testing capacity boosted gross margin to 32.8%, with EPS at NT$1.89, exceeding expectations. Looking ahead, the new testing plant will continue contributing revenue. Testing capacity is expected to increase ~50% by year-end. With seasonal demand in H2, margins should outperform H1. Despite higher depreciation from expansion, analysts expect full-year profit growth, forecasting EPS of NT$7.34.

04/26/2026 Economic Daily News advance preview: (5351-TW) Etron

(5351-TW) Etron: NT$53.8 → NT$98.2, +82% after preview

Etron focuses on niche memory IC design and semiconductor R&D. Rapid growth in AI, HPC, and edge AI applications has boosted memory demand. The company’s monthly revenue has repeatedly hit record highs, reflecting strong shipment momentum and rising prices. With tight memory supply-demand and rising prices, and capital focusing on AI and memory stocks, Etron’s strong fundamentals and industry trends have attracted aggressive buying, maintaining a bullish price trend.

06/21/2026 Economic Daily News advance preview: (2483-TW) Pailien

(2483-TW) Pailien: NT$39.65 → NT$70, +76% after preview

Pailien manufactures relays, connectors, and electronic components. It has actively shifted toward semiconductor applications, with semiconductor-related revenue exceeding 50%, becoming the main growth driver. Strong order increases from semiconductor clients and rising demand for new molds drove Q1 revenue to NT$481 million, a seven-quarter high, turning profitable with EPS of NT$0.15. May revenue remained strong at NT$181 million, up 15% YoY, indicating stable order momentum, as