Taiwan's stock market is set to push toward a record 50,000 points as AI chip demand roars back, good news for chip and AI investors but not for memory stocks.

• Nvidia broke out to a record high after five months of going sideways, pulling Taiwan's chip sector up with it.
• Weak US jobs numbers and cheaper oil cooled worries about rate hikes, sending US markets broadly higher.
• Taiwan's index should clear 49,000 easily, with a strong chance of touching 50,000 within the week, led by TSMC.
• Memory stocks are the odd one out: Toshiba plans to expand hard-drive production in the Philippines, which hammered Seagate and Western Digital and spilled over into Taiwanese memory names.
• The weakness is in hard drives, not DRAM or HBM — Samsung's next-generation HBM4 prices are said to be tripling, and Micron keeps building HBM capacity in Taiwan.

Outlook: TSMC's quarterly briefing on October 15 is the next big test, with capital spending plans, US expansion, and 2027 pricing all in focus.