IC concept stocks drive Taiwan stocks to rebound by 846 points, NVIDIA's earnings report sparks a bullish trend in tech stocks

Taiwan Stocks Strong Rebound, Second Largest Single-Day Gain in History

Taiwan stocks today staged a revenge rally, with the Weighted Index soaring by 846.24 points, a 3.18% increase, closing at 27,426.36 points. This surge set the second-largest single-day gain in Taiwan stock history, with trading volume surpassing NT$577.021 billion, fully reflecting the market’s widespread bullish sentiment. The main driver behind this rally is NVIDIA(’s excellent quarterly earnings report.

NVIDIA Q3 Earnings Surpass Expectations, Blackwell Chip Orders Heat Up

NVIDIA’s latest Q3 financial results are outstanding. As of October 26, the company reported quarterly revenue of US$57 billion, a 62% increase from the same period last year, with net profit reaching US$31.91 billion, up 65% year-over-year. In terms of profit quality, adjusted gross margin remained high at 73.6%, slightly below the market expectation of 74%, but earnings per share of $1.3 exceeded analyst estimates.

CEO Jensen Huang emphasized during the earnings call that the demand for the new generation Blackwell chips is exceptionally strong, with sales “exceeding expectations.” All GPU products for cloud computing have been sold out, and overall computing demand continues to grow. This positive news has become a key catalyst fueling investment enthusiasm in Taiwan’s tech stocks.

IC Concept Stocks and Large-Cap Stocks Rise Together, Capital Flows Drive Rotation

NVIDIA’s earnings report ignited investment enthusiasm for IC concept stocks. TSMC’s stock price reached a high of NT$1460 intraday, closing up NT$60 at NT$1455, a gain of over 4%, becoming the leading large-cap stock. Heavyweights like Hon Hai, Delta Electronics, Quanta, and MediaTek also rose in tandem, boosting overall market buying momentum.

The PCB sector became a focus on the market, with Goldsun and Gold Circuit opening with limit-up gains, and stocks like Elitegroup and Fuhjow also hitting daily limit-ups. Taiwan Glass, a major glass manufacturer, surged to the limit after the earnings presentation hype. A total of 18 listed and OTC stocks hit the limit-up, demonstrating a clear capital rotation pattern.

Memory Sector Faces Adjustment, Industry Specification Changes Bring New Variables

Despite the market’s bullish momentum, the memory sector declined against the trend. Winbond temporarily hit the limit-down, and Nanya Technology dropped over 9%. Industry reports indicate that NVIDIA plans to shift memory specifications from DDR5 to LPDDR to reduce AI server power consumption, which will reshape supply and demand dynamics. Winbond and Nanya closed down 2.36% and 2.81%, respectively, with trading volumes exceeding 400,000 shares each.

Sector performance showed clear differentiation, with glass and component stocks being the strongest, rising 8.77% and 5.37%, respectively. Textile stocks were relatively weak, highlighting selective capital flow characteristics.

Future Market Focus: Order Outlook and Industry Specification Evolution

The core momentum of this rally stems from NVIDIA’s earnings driving a rally in US stocks, which in turn ignited bullish sentiment in Taiwan’s IC concept stocks. Analysts believe NVIDIA’s excellent results not only provide clear order prospects for the AI industry chain but also boost market confidence.

Looking ahead, investors should continue to monitor the dynamics of major international companies and IC concept stocks, as well as observe capital rotation among sectors and the long-term industry impact of the LPDDR specification shift in the memory market. This specification change will reshape the competitive landscape for upstream component manufacturers and become a key focus for the market moving forward.