Thai Electronics Stocks Rally on Back of AI-Fueled Gains in US Tech Sector

On Monday at 11:49 AM (Bangkok time), the share price of Delta Electronics (Thailand) Public Company Limited (SET: DELTA) surged by 5.86% or THB 17.00 to THB 307.00, with a trading value of THB 2.27 billion.

Hana Microelectronics Public Company Limited (SET: HANA) increased by 7.44% or THB 2.25 to THB 32.50, with a trading value of THB 776.70 million.

KCE Electronics Public Company Limited (SET: KCE) jumped by 6.84% or THB 2.00 to THB 31.25, with a trading value of THB 819.59 million.

Cal-Comp Electronics (Thailand) Public Company Limited (SET: CCET) rose by 6.90% or THB 0.40 to THB 6.20, with a trading value of THB 700.04 million.

 

A key positive factor supporting investment sentiment in the electronics sector stems from movements in the U.S. stock markets, particularly the performance of Nvidia, which recently closed at a new all-time high for the first time since October. This surge pushed the company’s market capitalization beyond $5 trillion.

The driving force behind this development was strong buying activity from investors accumulating shares in the artificial intelligence (AI) technology segment, ahead of major technology firms’ earnings announcements.

Additionally, Nvidia’s share price jumped by 4.3%, and cumulative data shows the stock has increased by more than 14 times since the end of 2022. This exceptional growth is attributable to the continued robust demand for AI chips.

At the same time, better-than-expected earnings reports from Intel helped further stimulate momentum, sending the company’s stock price soaring at the fastest pace seen since 1987.