TAIPEI (Taiwan News) — Taiwan’s stock market closed at a fifth straight record high on Wednesday, driven by gains in TSMC and AI-related stocks.
The Taiwan Capitalization Weighted Stock Index (TAIEX) rose as much as 820 points intraday to 35,521.54, setting a new high. It ended up 712.25 points at 35,413.07, according to CNA.
Turnover reached NT$982 billion (US$31.4 billion), also a record high. Over the past five trading sessions, the index has climbed 3,008 points, according to CNA.
TSMC gained 2.54% to close at NT$2,015 after hitting an intraday high of NT$2,025, both record levels. Since closing at NT$1,550 on Dec. 31, the stock has risen NT$465, or 30%, according to Sinotrade.
Foxconn rose 6.25% to NT$246.5. MediaTek advanced 2.47% to NT$1,870.
Delta Electronics gained 3.61% to NT$1,435, extending its record run. A US-based institutional investor recently raised its target price from NT$1,200 to NT$1,600, citing AI-related power supply demand and capacity expansion at a subsidiary, according to Yahoo Stocks.
AI server-related stocks were active ahead of Nvidia’s earnings release. Quanta Computer, Wistron, and Wiwynn each rose about 5%.
Thermal solution providers Auras Technology, Jentech Precision Industrial, and Asia Vital Components gained more than 6%. The gains reflected strong demand for AI servers, as rising power consumption in next-generation chips drives a shift from traditional air cooling to alternative thermal management technologies, benefiting Taiwan’s supply chain, according to Sinotrade.
In contrast, memory chip stocks, which have trended higher on supply constraints and rising prices, weakened. Winbond Electronics, Nanya Technology, Macronix International, and Phison Electronics all closed lower.
Taishin Securities Investment Advisory Vice President Huang Wen-ching (黃文清) said investor expectations for Nvidia’s earnings, continued momentum in AI stocks, and foreign institutional buying supported the TAIEX's gains.
He added that the broader AI trend remains strong. Huang expects the TAIEX to reach 36,000 points in the first half of the year, with further gains possible, according to CTEE.
Mega International Investment Services Vice President Huang Kuo-wei (黃國偉) noted that borrowing for stock purchases, or margin financing, had dropped significantly before the Lunar New Year holiday. He said this decline helped stabilize the market.
Huang observed that concerns over geopolitical tensions and US tariffs have eased. Strong fundamentals, including January revenue and export orders, have supported investor confidence.
However, Huang cautioned that with the index climbing nearly 2,000 points in just a few days, investors should stay cautious and watch for potential selling in the next couple of sessions. Nvidia’s earnings and the market’s response will be key indicators of short-term sentiment.
After the market closed, Nvidia reported fiscal fourth-quarter results that exceeded analysts’ expectations. It forecast first-quarter revenue of NT$2.39-2.49 trillion, above Wall Street estimates of NT$2.28 trillion, according to Yahoo Finance.
This information is not intended as personalized financial advice. Investors are encouraged to conduct their own research and analysis before making investment decisions.
