How Jensen Huang's Subtle Logo Boosted Taiwanese Stock Prices by Over 80%

At the center of the AI wave, NVIDIA has garnered significant attention with every move it makes. Last week, at the GTC 2024 Developer Conference (GPU Technology Conference), CEO Jensen Huang unveiled "Project GR00T," a universal foundational model specifically designed for robotics. Additionally, the event showcased the Solomen logo, which contributed to a significant five-day surge in Solomen's stock price.

Huang's presentation highlighted a humanoid robot model that left Taiwanese investors astonished. Notably, during the introduction of the robotic platform Isaac, Solomen stood out as the exclusive Taiwanese partner, leading to a dramatic increase in stock prices. On March 18, shares closed at NT$41.05 and soared to a peak of NT$74.40 by March 28, marking an impressive rise of over 80%.

According to a report from "Weekly King," Ke Ba-xi, the honorary chairman of the Mechanical Industry Association and president of the Taiwan Smart Manufacturing Alliance, predicts a golden decade for Taiwan's machinery sector, anticipating future output to exceed NT$3 trillion and potentially reach NT$N trillion.

The report further notes that the industrial robot market is predominantly dominated by Swiss company ABB, Germany's KUKA, Japan's FANUC, and Yaskawa Electric. While Taiwanese manufacturers maintain a competitive edge in the Chinese market, China's status as the largest industrial robotics market has led to the emergence of numerous local brands, intensifying competition. In response, the Taiwanese government needs to expedite policy implementation to keep pace with rivals, as robotics is set to become a key focus of support for the Chinese government.