Home » today » Business » Taiwan Stocks Rise and Fall: NVIDIA’s Brilliant Financial Report Spurs AI Concept Stocks, but Federal Reserve Warning Causes Index Plummet

Taiwan Stocks Rise and Fall: NVIDIA’s Brilliant Financial Report Spurs AI Concept Stocks, but Federal Reserve Warning Causes Index Plummet

[FTNN新聞網]Reporter Gao Liling / Report from Taipei

Taiwan stocks first rose and then fell last week. NVIDIA (NVIDIA) handed in a brilliant financial report on the 24th, but it was full of profits. It didn’t take long for AI concept stocks to celebrate the market, and the main force took the opportunity to ship. In addition, on the 25th, the US Federal Reserve Council officials warned that interest rates may be raised, and the index plummeted. The weighted index rose 100.27 points in a single week, an increase of 0.61%. Last week, the three major corporations sold a total of over 3.462 billion. Wistron (3231) sold 101,144 copies, ranking first among the top 10 sellers. Development Gold (2883) sold over 60,904, ranking second. In addition, Quanta, Compal, and AUO are all among the top 10 sellers.

Last week, the three major corporations sold a total of 3.462 billion, and Wistron (3231) was sold 101,144 copies, ranking first among the top 10 sellers. (Picture / Wistron official website)

According to the statistics of the stock exchange, last week (8/21-8/25) the chip movement of the three major legal persons, concentrated market self-operators (including self-trading and hedging) sold 12.505 billion yuan; foreign capital and mainland capital (excluding Foreign-funded self-employed traders) small sellers 864 million yuan; only investment trust continued to support Taiwan stocks to buy more than 9.907 billion yuan. In total, the three major legal persons sold a total of over 3.462 billion yuan this week.

Observe that the three major legal persons sold more than the top 10 last week (8/21-8/25), with 5 electronic stocks and 5 financial stocks. The AI ​​index stock Wistron sold 1st place, with 101,144 shares sold; the 2nd place was Development Gold, with 60,904 shares; the 3rd place was Yushan Gold (2884), which sold over 30,450 shares this week. The 4th to 10th places are Quanta (2382), Compal (2324), AUO (2409), UMC (2303), Huanan Gold (2880), Yongfeng Gold (2890), Shin Kong Gold (2888) ).

Last Friday, Wistron fell 11.5 yuan to a closing price of 111 yuan, a drop of 9.39%. Seeing that AI stocks have been killed, investors are mourning. Some netizens posted on ptt to support that “AI is definitely not dead, so don’t be too pessimistic.” AI is bought to death by retail investors, I dare not buy it”, “AI will not die, it’s just a matter of price”, “AI is definitely not dead, I just buy NVDA”, “AI will be prosperous for at least 30 years, How can it end now.”

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2023-08-27 13:15:00
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