TAIPEI (Taiwan News) — Goldman Sachs expects Taiwan’s main stock index to climb above 40,000 over the next 12 months as artificial‑intelligence‑driven spending fuels the market.

Investing.com reported Friday that the US investment bank raised its 12‑month target for the TAIEX to 40,000 from 36,000, citing faster‑than‑expected earnings growth and a deeper AI‑driven capital‑spending cycle than it had anticipated six months ago. 

Goldman’s analysts now forecast Taiwan companies’ profits to rise 34% in 2026 and 24% in 2027, with semiconductors and banks expected to lead the expansion. 

Taiwanese equities have already rallied to around 36,800 points, near record highs, as foreign and domestic investors rotate into AI‑linked names and global demand for advanced chips remains robust.

Local strategists in Taiwan, including those at Bank of Taiwan Securities and Yuanta Securities, have similarly lifted their earnings targets for this year. However, many still sit below Goldman’s 40,000‑point projection, reflecting caution over valuation and geopolitical risks.