From TSMC to the "FOMO Caveman" sweeping Taiwan: A 160% increase in leverage has already sounded the alarm for the bursting of the AI bubble.

In the eyes of Wall Street analysts, the current AI investment frenzy in the stock market in Taiwan is not just a bubble of AI investment, but is based on the strong fundamentals of hard technology manufacturing behind the global demand cycle for AI computing power. TSMC and its vast supply chain of AI computing power jointly produce about 90% of the most advanced process chips in the world. These chips are crucial underlying AI chips for the accelerated expansion of intelligent smartphones, laptops, robots, and especially global AI data center construction. At the same time, Foxconn and its supply chain represent key assemblers of AI server clusters for American giants such as Nvidia, Amazon AWS, and Microsoft Azure. Investors view TSMC and Foxconn as "bellwethers" of the AI computing power industry chain.