US Semiconductor Stocks Remain Strong, Institutions Expect Taiwan Stocks to Maintain Strong Volatile Upward Trend

Central News Agency. (Central News Agency reporter Tseng Jen-kai, Taipei, 12th) With the AI theme continuing to be hot, US semiconductor stocks remained strong. On the 11th, the Philadelphia Semiconductor Index rose 305.54 points, continuing to hit a new high. Legal entities believe that Taiwan stocks have a high correlation with US stocks, and are expected to be strong in the short term, maintaining a volatile but upward trend.

Although the US rejected Iran's conditions for ending the Middle East war, capital expenditure on AI infrastructure continues to expand. Led by semiconductor stocks, the four major Wall Street indices all closed higher on Monday, with the S&P, Nasdaq, and Philadelphia Semiconductor indices all setting new closing highs.

On the 11th, the Dow Jones Industrial Average rose 95.31 points, or 0.19%, to close at 49704.47 points. The S&P 500 index edged up 13.91 points, or 0.19%, to 7412.84 points. The technology-heavy Nasdaq index rose 27.05 points, or 0.10%, to 26274.13 points. The Philadelphia Semiconductor Index soared 305.54 points, or 2.59%, to 12081.04 points.

In terms of individual stocks, the performance of semiconductor stocks continued to be hot. It was reported that Apple transferred some chip orders to Intel for production, breaking TSMC's exclusive supply situation. On Monday, Intel's stock price rose $4.52, or 3.62%, to close at $129.44; TSMC's ADR stock price fell $7.14, or 1.73%, to $404.54.

Among other chip stocks, Qualcomm surged $18.44, or 8.42%, to $237.53; Micron rose $48.52, or 6.5%, to $795.33; NVIDIA rose $4.24, or 1.97%, to close at $219.44.

Wang Wei-che, fund manager of E. Sun Securities Investment Trust, analyzed that the current bull run in Taiwan stocks since early April has remained strong, with the daily K-line rising along the 5-day moving average. Currently, the weighted index is rising with both price and volume, indicating that the bullish pattern remains unchanged. Although there is concern that the index's deviation from the quarterly moving average is too large, as long as there is no massive long black K-line, a positive outlook can be maintained.

Wang Wei-che stated that Taiwan's export orders in March recorded 14 consecutive months of year-on-year growth, with a high growth rate of 65.9%. This includes electronic products and information and communication related to AI, semiconductors, and electronic components, whose growth rates have significantly expanded in the past three years. This reflects that investment in AI infrastructure, cloud, and computing power is being substantially transformed into Taiwan's technology industry's global competitive advantage.

Wang Wei-che believes that with the diminishing impact of the Middle East conflict, Taiwan stocks being boosted by AI fundamentals, and capital flow driving the market, coupled with upcoming major technology events such as NVIDIA's earnings report and Google I/O developer conference in mid-May, and COMPUTEX Taipei in early June, the themes will be hyped up, and Taiwan stocks are expected to maintain a strong volatile upward trend. (Edited by Yang Kai-hsiang) 1150512

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