Taiex Falls Below Half-Year Line as AI Capex Concerns Trigger Selling Pressure
The Taiex faced heavy selling pressure on the 30th, with the benchmark index plunging over 1,600 points intraday to a low of 44726.26 points, closing down 1156.50 points at 45211.83 points, down 2.49%, falling below the half-year line, posting three consecutive weekly declines, with the monthly line also turning negative.
This round of declines was mainly driven by U.S. tech earnings, as the market worries that continued expansion of AI capital expenditure by tech giants such as Google and Amazon may not smoothly translate into revenue and profit, while Intel's weaker-than-expected guidance further intensified selling pressure on tech stocks.
郭哲榮 Bullish Against the Trend, Names Six Stocks to Watch
摩爾投顧 Chief Investment Officer 郭哲榮 remains bullish against the trend, arguing that this correction mainly reflects excessive market worry over AI investment payback and does not mean the long-term trend of the AI industry has reversed. He noted that over the past 10 years, the Taiex rose in the fourth quarter in 9 years, a 90% win rate, and after sharp volatility in October, November and December still have a chance to see a rebound of over 1,000 points, with the fourth quarter still likely to stage a counterattack and the benchmark index challenging 50,000 points by year-end.
In terms of stock picks, he named 精材 (3374), 聯電 (2303), 智原 (3035), 國巨 (2327), 環球晶 (6488), and 元大台灣50 (0050) as targets to keep on the watchlist. However, these stocks performed unevenly on the 30th, with 精材 edging up 0.1% against the trend, 聯電 down 3.46%, 智原 down 7.78%, 國巨 down 7.55%, 環球晶 down 7.13%, and 0050 down 2.14%, showing that individual stocks still face considerable volatility amid the market plunge, and whether a short-term rebound can unfold remains to be verified. Investors should watch market volatility and their own risk tolerance.
10,000 Chicken Steaks and Milk Teas if Target Missed, Plans to Add Positions if Index Breaks 40,000
Regarding the year-end 50,000-point target, 郭哲榮 previously promised that if the Taiex fails to stand above 50,000 points by year-end, he will give away 5,000 servings of chicken steak, plus an additional 5,000 cups of bubble tea, for a total of 10,000 servings, to be distributed in the north, central, and south. He also said that if the broader market falls below 40,000 points, he is considering adding NT$50 million to buy 0050.