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Aspeed Shares Top NT$20,000 Milestone; Analysts Raise Price Targets
Electronic Technology · Semiconductors · economic_daily · 2026-09-22
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Aspeed has become the first stock in Taiwan's history to surpass NT$20,000 per share, driven by strong AI server demand and bullish analyst upgrades.
What Happened
Market Momentum and Institutional Buying: Taiwan's stock market has shown resilience as the end of the third quarter approaches, with institutional investors driving a 'window dressing' rally. Stocks heavily accumulated by investment trusts are currently outperforming and attracting significant market attention.
Aspeed Hits Record High: Aspeed, the market leader, surged to a closing price of NT$20,905 on the 22nd, marking the first time a stock in Taiwan has crossed the NT$20,000 threshold. Investors remain highly optimistic about the company's long-term growth trajectory in the AI sector.
Analyst Price Target Upgrades: Daiwa Capital Markets raised its target price for Aspeed to NT$26,660, citing strong growth in Baseboard Management Controller (BMC) shipments. Other major firms, including Citi and Fubon, have also issued bullish outlooks, reflecting confidence in the company's earnings potential through 2028.
Outlook for MPI: Aletheia Capital has also highlighted MPI as a top pick in the chip testing space, citing its increasing market share in the NVIDIA and Mellanox supply chain. The firm maintains a 'Buy' rating with a target price of NT$12,000, underscoring the broader strength in semiconductor testing equipment.