JPMorgan Hikes Taiex Bull-Case Target to 50,000 on AI Buildout
JPMorgan Chase & Co. signage outside an office building in New York.
Photographer: Michael Nagle/BloombergJPMorgan Chase & Co. raised its targets for Taiwanese stocks for the second time in less than a month, recommending the market as “the most pure-play exposure to the global AI buildout.”
The Wall Street bank lifted its base-case for the benchmark Taiex to 47,000 and its bull‑case target to 50,000, with the latter implying 20% upside from Thursday’s close. Those are up from the base and bull targets of 43,000 and 48,000 it set last month.