With the support of the AI craze, the price of concept stocks related to artificial intelligence has continued to rise. Currently, Microsoft, Apple, Huida and Google, the top four companies in the US stock market by market capitalization, have all jumped on this wave and set new record highs in their stock prices in June.
In Taiwan, which was praised as "the world's AI center" by Huida CEO Jen-Hsun Huang in June, the Taiwan stock weighted index also hit a record high of 23,406 points in late June amid the AI boom. Investors in the sluggish crypto even shouted: "Crypto is inferior, so just go and play Taiwan stocks..."
Taiwan's stock market was Asia's brightest in the first half of the year
According to CNBC, in the first half of this year (as of 6/30), Taiwan's weighted index rose 28.45%, driven by AI-related concept stocks, ranking first in Asia. The following are:
- Nikkei 225 Index: up 17.56%
- India Index 50: up 10.49%
- India SENSEX: up 9.4%
- Malaysia's Kuala Lumpur Composite Share Price Index: Up 9.31%
- Korea Composite Stock Price Index: up 5.37%
- Hong Kong Hang Seng Index: up 3.94%
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In this regard, Rahul Ghosh, global equity portfolio expert at asset management company T. Rowe Price, said that AI is likely to continue to lead global markets:
Global market performance this year has been driven largely by AI and central bank policies, and this is likely to continue.
The potential and scale of the AI investment cycle continue to drive global economic activity, and the impact of AI investment is expanding to industry, materials, utilities and other fields.
TSMC and Hon Hai outperform Bitcoin this year
On the other hand, in the first half of this year, TSMC, the "sacred mountain that protects the country," has increased by 64%, and Hon Hai, driven by the AI server supply chain, has increased by as much as 105%. In comparison, Bitcoin only rose 48.75% in the first half of this year, which is rare in a bull market and far behind Taiwanese stocks. It can only be said that the influence of AI is really very powerful.
