Taiwan's economy is being carried by AI hardware exports, and forecasters say the boom still has room to run — good news for chipmakers and the island's growth, as long as new products keep coming.

• Taiwan's monthly tech exports to the U.S. have jumped roughly tenfold since the AI boom began.
• Growth has come in two waves, not a smooth climb — first Nvidia's H100 servers, then the newer Blackwell full-rack systems.
• Each wave is followed by a lull while the next chip generation is phased in, and the market is in one of those lulls now.
• That pause is feeding fresh talk of an AI bubble, even though demand from customers is still strong.
• Attention is on whether Nvidia's Jensen Huang unveils a new architecture on his upcoming Taiwan visit, which could kick off the next wave.

Outlook: Taiwan is still on track for double-digit growth this year, with the next leg depending on whether a new AI product launch lands in the second half.