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Taiwan Stocks Show Resilience; Hsieh Chin-ho Highlights TSMC as Undervalued
Electronic Technology · Semiconductors · economic_daily · 2026-10-07
Financial commentator Hsieh Chin-ho highlights the resilience of Taiwan's stock market and identifies Nvidia, Micron, and TSMC as essential global buys.
What Happened
Global Market Context: Despite headwinds from Federal Reserve rate hikes and rising bond yields, global markets showed mixed results in the third quarter. While the South Korean market struggled due to leverage-related issues, the Taiwan stock market demonstrated significant resilience, outperforming many of its regional peers.
Investment Recommendations: Citing a report from The Motley Fool, Hsieh Chin-ho identified Nvidia, Micron, and TSMC as three essential stocks to own, driven by the massive projected growth in AI capital expenditures through 2030.
TSMC Valuation: Hsieh noted that TSMC’s strong first-half EPS of NT$49.33 and robust revenue growth make it an attractive investment. Compared to high-flying stocks like MediaTek, TSMC’s current price level is considered relatively undervalued given its fundamental strength and market dominance.
Market Outlook: Entering the fourth quarter, the Taiwan market remains stable and strong. The ongoing synergy between TSMC and Nvidia, combined with MediaTek's expansion into AI ASICs, is expected to maintain Taiwan's competitive edge and provide a solid floor for the local stock market.