Nvidia's Victory Lap

* Nvidia's founder and CEO Jensen Huang has been the shining star in Taiwan the last few days. As a global Taiwanese American corporate leader in chip technology, Huang captured media attention from his unannounced visit to the night market to the commencement speech at the National Taiwan University on May 27. He was undoubtedly the focal point following the rapid rise in Nvidia stock price to the widespread hype over artificial intelligence (AI).

* Huang is expected to deliver the keynote speech on May 29 to a houseful attendees from around the world at the 2023 Computex Taipei. His views on the future of AI, and the norms of its applications, are believed to have an impact on the market beyond the TaiEx.

* Riding on the AI fever, a number of local stocks are expected to outperform the index, including TSMC (2330), Pegatron (4938), Unimicron (3037), Aspeed (5274), Sunonwealth (2421), and eMemory (3529). Following the tentative deal between the White House and the House of Representatives on the debt ceiling limits, many expect the TaiEx to break north of 17,000 points this week.