AMD and Micron Get New Price Targets as Taiwan Chip Exports Hit Record $30.8B

Taiwan chip exports climbed to a record $30.8 billion in the latest monthly print, up 60% from last year. Stock prices for both Advanced Micro Devices (AMD) and Micron Technology (MU) broke out of long consolidations this month.

This is crucial evidence that AI demand remains underpriced, according to Capriole Investments founder Charles Edwards.

Taiwan Chip Exports Set a Record on AI Demand

Taiwan’s Ministry of Finance reported $30.797 billion in integrated circuit exports for August. This is the fastest year-over-year growth since 2020.

Chips accounted for 37.4% of Taiwan’s total exports during the month. That share stood at 34.9% in July, so concentration is still climbing.

Taiwan chip exports are up over 20% in September alone! This huge wave of AI demand is simply not priced in yet. Higher. pic.twitter.com/3FAQ2sCpD1

— Charles Edwards (@caprioleio) September 22, 2026

Regional data corroborates the trend. South Korean chip exports rose 259% during the first 20 days of September. TSMC reported August revenue growth of 53.3%, while Taiwanese export orders climbed 71.4%.

Skeptics argue that prices already reflect much of this demand. Similar bubble warnings have followed the memory rally throughout the year.