With steady growth in AI demand, the Taiwan stock market is expected to rebound in the third quarter. TSMC has released positive news, and well-known semiconductor analyst Cheng Zhenghua noted that the demand for AI applications is accelerating rather than slowing down.

According to Cheng, the supply chains of Google and Amazon will remain in the spotlight, but the 10% surge in the TWD may lead to profit corrections, although the time for this has not yet arrived. He mentioned that recent data in the AI industry shows that demand is still accelerating, especially under the influence of GPT technologies, with OpenAI's monthly active users doubling in just five months.

Moreover, Google IO announced a 50-fold increase in processing power units over the past year, while Anthropic's annualized revenue recently reached $3 billion, with projected revenues of about $700 million for the entire year of 2024. These data point to a rapidly growing demand for AI computing power, and many companies are making profits.

However, Cheng warned about the overall economic situation, stating that uncertainty still affects market investment willingness and upper space. While indices have returned to levels before April 2, U.S. tariff issues remain unsettled, and the weak performance of consumer products may exacerbate the market's demand.

He also pointed out that the impact of exchange rates has not been fully reflected in analysts' forecasts; many analysts tend to remain silent on this issue. Cheng suggested that Taiwanese economic analysts should set next year’s exchange rate above $30 to avoid using uncontrollable exchange rates as a reason for adjusting company profits.