Taiwan's AI export boom is holding at a high plateau rather than fading, which is good news for its economy even as AI stocks wobble.

• Taiwan's tech shipments to the US have jumped in two big waves since 2023, not in a smooth climb.
• The first wave came with Nvidia's H100 servers; the second, far bigger one came with the Blackwell full-rack systems.
• Monthly shipments to the US have grown roughly tenfold from the pre-AI era and are now sitting flat at that peak.
• The pause is a normal gap between product generations, with current chips shipping steadily while the next architecture, Rubin, is still being tested.
• Taiwan's economy is forecast to grow more than 10% this year on the back of AI demand from business customers.

Outlook: Another export surge is expected once Nvidia launches its next architecture, with attention on whether new details emerge during Jensen Huang's visit to Taiwan.