After AI stocks pulled back from their highs, capital is seeking new outlets. This article analyzes this quarter's Taiwan stock capital flows through three dimensions, and the next potential rotation targets. (Premium content)
NI Editorial Team
Comprised of senior wealth management, global markets, and fintech professionals
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Since late 2025, the AI-related supply chain led by NVIDIA has undergone a correction, bringing overall P/E ratios back to relatively reasonable levels. Taiwan's AI-related stocks have corrected an average of 18-25% from their peaks.
Based on the latest foreign institutional holding change data, foreign investors have shown clear net buying in the following sectors this quarter:
Foreign investors tend to rotate capital toward high-dividend yield, low-volatility defensive sectors when uncertainty rises.
Proprietary trading desks and investment trust companies have diverged in their Q1 strategies — investment trusts continue adding to semiconductor equipment stocks, while proprietary desks lean toward short-term swing trading.
Cross-analyzing weekly average volume and margin balance, current retail investor leverage has declined significantly from last year's peak, laying a relatively healthy foundation for the next move.
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