Divergent Chip Moves in U.S. Stocks
On the 12th, U.S. chip stocks diverged. Nvidia suffered a senior leadership shock after co-founder Jensen Huang abruptly resigned, plunging over 14% intraday and closing down 4.34% at 166.19 dollars, while closely related AI cloud service provider CoreWeave fell 6.86%. In contrast, rival AMD surged 5.86%, Broadcom jumped 5.54%, Google parent Alphabet rose 1.79%, and Amazon rose 0.48%, showing market funds starting to shift to other AI chip and cloud computing players.
MediaTek Global Unichip Both Hit Limit-Up
Boosted by U.S. stocks, Taiwan ASIC and silicon IP stocks surged after opening on the 13th. IC design leader MediaTek (2454) went straight to limit-up, reaching 4,235 yuan, while ASIC design service major Global Unichip (3443) also lit up at 8,645 yuan, preparing to challenge the previous highs of 8,750 yuan and the 9,000 yuan mark. Faraday (3035), Alchip-KY (3661), M31 (6643), GUC Technology (8227), and Andes Technology (6533) lit up in sync, while stock king Aspeed (5274) surged over 5% to 12,580 yuan. The related-themed Taishin Taiwan IC Design (00947) surged 7.04% intraday, becoming the focus of the session.
CSP Diversified Procurement Speculation Heats Up
As Nvidia enters the post-Jensen Huang era, the market is speculating that large cloud service providers may accelerate diversification of AI chip procurement to reduce reliance on a single GPU supplier, making custom ASIC chips, silicon IP, and related design service providers the focus of fund chasing. Among them, MediaTek has in recent years actively expanded into custom AI chips and high-speed transmission technology, deploying in the data center market, Global Unichip provides ASIC design services and advanced-process chip integration to help large clients develop custom chips, Alchip-KY focuses on high-end ASIC design services, GUC Technology focuses on custom chip design and integration, and Andes Technology centers on RISC-V processor IP licensing.
Different Benefit Models, Focus on Orders
However, AMD, Broadcom, and Taiwan ASIC players benefit in different ways. AMD mainly challenges Nvidia GPU market through its Instinct series AI accelerators, Broadcom taps AI infrastructure of large cloud providers with custom ASICs and high-speed networking technology, while Taiwan-related players participate in different segments such as chip design, IP licensing, and advanced-process integration based on their respective technical capabilities. Buying also spread to other AI supply chains. As of Top 9:33 a.m., TSMC (2330) rose 1.92% to 2,385 yuan, Delta Electronics (2308) rose 4.84% to 1,300 yuan, ASE Technology Holding (3711) surged 6.48% to 624 yuan, Taiwan Union Technology (2383) surged 9.26% to 4,485 yuan, Unimicron (3037) rose 7.32% to 850 yuan, and Largan Precision (3008) hit limit-up at 5,560 yuan. Institutions will subsequently watch custom chip procurement share and progress on design-win mass-production orders.