Saad Ullah
⬤ MediaTek's stock skyrocketed to a new record after pulling off its best two-day run in history. The shares climbed about 19 percent over five trading sessions, hitting around 1,770 TWD. The rally came as investors zeroed in on MediaTek's growing role in artificial intelligence, especially its partnership with Google on tensor processing units.
⬤ The breakout started around January 22, when shares pushed past the 1,500 TWD level where they'd been stuck. From there, the stock shot up fast, blowing through resistance and peaking near 1,790 TWD before cooling off slightly. It's the fastest short-term surge the company has ever seen, with gains of nearly 300 TWD in just days.
⬤ The excitement centers on MediaTek's AI chip development, particularly its work with Google on TPUs built for AI tasks. While there weren't any new earnings or guidance updates, the sharp price jump shows investors are betting big on MediaTek's position in the AI chip world. The company now sits at a market cap of roughly 2.84 trillion TWD with a P/E ratio around 26.6.
⬤ This matters because record rallies usually signal a major shift in how Wall Street sees a company's future. MediaTek's climb shows just how much AI hype is driving semiconductor stocks right now. But the speed of the move also means volatility is running hot. How MediaTek executes on its AI partnerships from here will determine whether this rally has legs or runs out of steam.
Saad Ullah
