The Next AI Domino?
Taiwan: The next tech domino?
Taiwan has been the ultimate AI winner, but cracks are starting to emerge beneath the surface. Korea is getting hit, semiconductors are struggling, and foreign investors are pulling billions from Taiwanese equities. Yet Taiwan continues to outperform, leaving some increasingly stretched divergences. The fundamentals remain extraordinary, but so are the expectations. With positioning crowded, technical supports approaching and the semiconductor cycle showing signs of stress, the risk of a violent catch-down is growing. We look at the cracks, the key levels and a cheap way to position for a reversal.