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.
AMD Price Prediction: Can It Reach $691?
AMD has broken above a key resistance level and recently hit a record high of $624.84. If the rally continues, the next major target is around $691, roughly 13% above the current price. A stronger rally could push AMD toward $827. However, the stock already looks relatively overbought, with its RSI above 70. That means a short-term pullback is possible even if the broader trend stays positive. The main support to watch is around $585. If AMD falls below that level, the breakout would look weaker. The next major support areas sit near $550 and $435.
AMD daily chart. Source: TradingView Micron Price Prediction: $1,032 Is the Key Level
Micron is holding above an important support level at $1,032. Buyers have already defended this area twice this week. Staying above it would keep the recent breakout intact. The next major upside target is Micron’s record high of $1,255. The stock is still about 16% below that level, while its RSI near 60 suggests it has more room to rise than AMD before looking overheated. A drop below $1,032 would weaken the outlook. The next support levels would be around $895 and $783. Micron’s September 30 earnings could be the next major trigger, with options markets expecting a move of roughly 10%.
MU daily chart. Source: TradingView Read the Original story AMD and Micron Get New Price Targets as Taiwan Chip Exports Hit Record $30.8B by Jakub Dziadkowiec at beincrypto.com