PC Stocks Surge; Taiwan Stocks Break 45,000 Points to Hit New Record High

Central News Agency, Taipei, June 1. Driven by the AI boom and strong performance in PC stocks, the Taiwan stock market opened high and continued to climb today, rising nearly 1,200 points during the session to reach 45,931 points, a historical high. TSMC closed flat, and the market narrowed its gains toward the end, closing at 45,337.91 points, setting a new record for the closing index. The weighted index closed at 45,337.91 points, up 604.97 points (1.35%), with a turnover of NT$1.477 trillion. TSMC rose NT$60 during the session but closed flat at NT$2,355. Delta Electronics opened high but fell, closing at NT$2,420, down NT$25. Foxconn closed at NT$293.5, up NT$4.5, and MediaTek closed at NT$4,555, up NT$245. Benefiting from Dell's stock surge, Acer, ASUS, Wistron, and Quanta all hit the daily limit, closing at NT$38.7, NT$837, NT$174, and NT$372.5, respectively. Due to memory shortages, Nanya Technology hit the daily limit at NT$381.5, Winbond hit the limit during the session to set a new historical high, closing at NT$168 (up 6.33%), Phison closed at NT$2,770 (up 7.57%), and PSMC turned lower after hitting a high. Liu Cheng-yu, Vice General Manager of First Capital Investment Consulting, said in a phone interview that ahead of the Taipei International Computer Show, NVIDIA CEO Jensen Huang gave a speech in Taipei this morning, continuing to heat up the AI theme. Last weekend, Dell announced its financial results, showing a significant increase in the revenue share of AI server-related businesses and forecasting a surge in revenue this year. Dell's stock soared over 30%, driving the sharp rise in Taiwan's AI PC stocks today. Liu pointed out that the AI bull market structure remains unchanged, with many themes rotating, and funds shifting from passive components and optical communications to AI PC stocks. With a positive export outlook, the Directorate-General of Budget, Accounting and Statistics has upwardly revised the first-quarter GDP growth rate to 14.55% and the annual rate to 9.64%, suggesting that the AI theme is expected to sustain the market's bullish momentum.