Rebound After Sharp Selloff in Taiwan Stocks, Experts Urge Separation of Share Prices and Demand
Affected by a correction in U.S. technology stocks, Taiwan stocks cumulatively fell 二七二九 points in 十月, a decline of nearly 百分之五點七, and collapsed by 五五一０ points last week, with the National Stabilization Fund and short-selling restrictions deployed, while Taiwan stocks have rebounded in the past 兩日. Experts believe that international market concerns over artificial intelligence capital expenditure and corporate valuations have been reflected in short-term share price volatility, and share price corrections and changes in industry demand still need to be viewed separately. HSBC Investment Trust participated in the Taiwan Week series of events on 今十日, holding an investment seminar on winning Taiwan stocks and capturing the main upward phase of Taiwan stocks with active ETFs, inviting Chief Investment Officer Wei Yin-Ru, Vice President of Investment Research Chang Ya-Wen, and financial expert Gu Yu to jointly discuss Taiwan stock allocation strategies under the long-term AI theme, noting that active ETFs can help diversify risks and flexibly adjust stock selection according to trends.
Cloud Capital Expenditure Continues to Rise, Taiwan Supply Chain Holds Key Position
Judging from industry fundamentals, global AI computing demand continues to increase. According to market research data, capital expenditure by major U.S. cloud providers in 二０二六年 is estimated to grow 百分之七十七 year-on-year, with still 百分之三十三 growth potential in 二０二七年, reflecting the trend of technology companies continuing to invest in data centers and AI infrastructure. With its complete technology industry cluster and supply chain competitive advantages, Taiwan continues to play a key role in the global AI supply chain and industry development, and major Taiwan technology companies have also revised up capital expenditure to accelerate development. Judging from the supply chain position of Taiwan's technology industry and corporate earnings performance, AI remains an important driver supporting medium- to long-term growth.
AI Opportunities Spread to Peripherals, Power and Cooling in Focus
HSBC Investment Trust Chief Investment Officer Wei Yin-Ru said that as AI server performance continues to improve, in addition to advanced process chips, advanced packaging, high-end testing, printed circuit boards, power management and high-speed transmission, which continue to benefit from equipment specification upgrades and demand growth, electricity consumption by AI data centers continues to increase, making power infrastructure, energy management and cooling technologies important links in industry development. Demand for high-speed data transmission is simultaneously driving upgrades in optical communications technology, showing that AI growth opportunities are continuing to spread from semiconductor cores to surrounding industries.
Looking Ahead to 二０二七年, Select Dominant Companies for Allocation
Vice President of Investment Research Chang Ya-Wen pointed out that looking ahead to 二０二七年, global AI demand continues to expand, and the competitive advantages of Taiwan companies in advanced processes, packaging and testing, and key components are expected to extend growth opportunities in related industries. However, as market expectations for corporate earnings rise, individual companies' technological advantages, order visibility and profitability will become important criteria for assessing long-term growth potential. Facing international political and economic conditions and financial market volatility, precisely targeting competitive industries and companies and identifying transformation opportunities will become an important strategy. Financial expert Gu Yu believes that Taiwan's key components and technology Emerging targets are mostly small and medium-sized companies, active ETFs can make dynamic adjustments, and investors can evaluate them from three angles: management team, stock selection style, and offensive and defensive performance.