Concord Securities Bullish on AI’s Long-Term Prospects as Infrastructure Buildout Remains in Early Stages

Concord Securities said the latest rally in Taiwan stocks was driven mainly by TSMC and AI-related shares. Although the index has turned volatile after exceeding 40,000 points as its short-term technical overextension widened, the long-term market structure remains bullish. The brokerage believes infrastructure for AI computing, data centers and power is only beginning to take shape and could transform industries and capital markets over the next 20 years.

The latest information as of July 20, 2026, showed that Concord Securities expected the market to consolidate at elevated levels near 40,000 points without altering its broader trend. It viewed pullbacks as normal volatility after a prolonged rally. The commentary did not specify any investment or construction amounts. The key questions are whether TSMC and AI-related shares can sustain their momentum and whether infrastructure investment will gradually materialize.