AI sparks Taiwan stock market surge and recommends locking in AI-related stocks

AI has ignited the momentum of the bulls, and the stock price of Taiwan has risen three times in a row. The legal person said that as the funds continue to fail, and the help of AI themes will help technology stocks rebound, further driving the market upward, it is recommended to lock in AI-related stocks , domestic demand, power grid and other related topics.

Sun Chuanshu, manager of PGIM Prudential’s high-growth fund, said that under the AI ​​upsurge brought by Nvidia in May, Taiwan stocks led the rise by 10.53%, and the electronics index also rose by 9.42%.weighted indexSynchronously rose nearly a thousand points, a monthly increase of 6.42%, second only to Japanese stocks in Asian stocks at 7.04%, greatly surpassing the 3.02% increase in the South Korean stock market, which is also export-oriented in the technology industry.

Sun Chuanshu pointed out that the semiconductor market was previously affected by inflation and inventory adjustment extensions, which dragged down the leading wafer manufacturers to revise down the semiconductor recession in 2023 and the annual financial forecast, but mainly concentrated in the first half of the inventory adjustment expansion, but for the second half of the year The view on the recovery of the semiconductor industry remains unchanged.

Sun Chuanshu said that as the AI ​​craze swept the world, it can be seen from Nvidia’s financial report that the market voted for the innovation brought about by AI. Component-related industries will all benefit greatly, and the economy will bottom out in the second half of the year, which is conducive to the rapid rebound of technology stocks.

In terms of funds, in addition to replenishment of corporate funds, retail investors also returned to the market at the same time. According to the latest announcement by the central bank in April, the balance of securities transfer deposits increased by 47.8 billion yuan in a single month, and the overall fund level rose to 3.19 trillion yuan. In May, capital growth was maintained. Both indicators show that retail funds continue to invest in the market.

The Taiwan stock team of Allianz Investment Trust said that AI-related topics have clearly become the trend-setting long-term themes for the next 10 years, not only supported by long-term structural growth niches, but also driven by the staggered increase in software, hardware, and cross-industry demands. Capital expenditure is also expected to be driven by the growth momentum that is accompanied by such demand. Before the outlook for the next quarter is released, it is expected to continue to be the highlight of the main driving force.

The Taiwan stock team of Allianz Investment Trust said that it is currently in the window period when the news of the second quarter of the law is released and waiting for the update of the news of the third quarter. This positive atmosphere is expected to expand and drive market funds in AI software and hardware. Relevant applications benefit groups; in addition to the better visibility of AI, other policy stocks such as green power and energy storage or the military industry are also supported by visibility, which is also a popular theme for fund rotation.