Focus Stocks》MediaTek: Google fell more than 10% after the market closed! Shocked, Fa Ge fell again

MediaTek's stock price weakened again today due to the impact of Google's post-hours plunge. (Photo by reporter Zhuo Yijun)

[Reporter Zhuo Yijun/Report from Taipei] Alphabet, the parent company of Google, reported lower-than-expected revenue and profit in the third quarter, and a decline in free cash flow. It also predicted that capital expenditures will increase significantly next year, deepening investors' concerns about when AI will return. Alphabet's stock price fell by more than 10% after the market. IC design leader MediaTek (2454) is a Google concept stock. Its stock price was affected today, and selling pressure emerged in early trading, falling by nearly 3%.

MediaTek's stock price clearly strengthened yesterday, but today it weakened again due to Google's after-hours plunge. As of around 9:56, MediaTek's stock price fell 2.95%, temporarily trading at 4,110 yuan, with a trading volume of approximately 2,411 contracts.

MediaTek is about to hold a press conference tomorrow. The market is paying close attention to the latest prospects of the AI ​​ASIC business, especially the progress of Google v9 TPU. On the eve of the press conference, American foreign investors issued the latest report stating that the focus of the conference will be on the progress of the AI ​​ASIC business. It is expected that MediaTek may slightly increase the AI ​​ASIC potential market size (TAM) or market share outlook in 2027. TPU v9 is one of the main driving forces for MediaTek's revenue growth in 2028. However, due to the supply uncertainty of the EMIB-T carrier board supplied by Intel, market investors still have doubts about the progress of this project. It is expected that MediaTek may state at the press conference that the progress of the TPU v9 (HumuFish) project is generally in line with the original schedule. It is expected to complete tape-out in early 2027 and start mass production in early 2028, consistent with previous guidance; in addition, the focus is on whether MediaTek can further obtain Google TPU v10 (IceFish) orders, and second and even third CSP (Cloud Service Provider) customers.