Bloomberg Warns on AI Hype as Huang's Optimism Fuels Taiwan, Korea Stock Bubbles

According to Bloomberg opinion columnist Shuli Ren, Nvidia CEO Huang Ren-yuan's recent optimistic remarks about AI chip demand at Computex are drawing caution in a market already showing bubble signals. During the Asian tech conference in mid-June, Huang praised Taiwan's supply chain ecosystem and publicly urged SK Hynix to produce more chips, even commenting that recent tech stock selloffs offered "discount prices" to buy in. Yet Shuli Ren warns such direct investment advice is reckless amid rising retail demand, leveraged positions, and widespread "AI concept stock" speculation.

Taiwan's stock market has reached historic highs, with semiconductor and hardware stocks comprising 78% of the weighted index, while valuations now approach the S&P 500 despite far lower earnings visibility and industrial diversity. In Korea, Samsung Electronics and SK Hynix alone represent over 50% of the Kospi index. Both markets lack sufficient visibility into long-term contracts supporting current valuations, leaving investors navigating an information vacuum until earnings season resumes in late July.