PRE-MARKET TAIWAN AND SINGAPORE STOCKS NEWS: Tech stocks are in focus with Nasdaq 100 futures underpinned and Asian chipmakers are also lifted following NVIDIA’s earnings beat and guidance of 70% revenue growth for next fiscal year

Post-earnings read-throughs from the dominant AI bellwether into Asian chip supply chains follow a well-worn pattern: a beat with aggressive forward guidance lifts the Taiwan and Korea complex broadly in the next session, with the strength concentrated in names tied directly to the customer's supply chain rather than the sector uniformly. The distinction worth drawing here is between genuine capacity signals and sentiment drift: Powertech's fully-booked advanced packaging line through the end of the decade is the former, pointing to the advanced packaging bottleneck that has been the binding constraint in prior upcycles, while the index-level lift in chipmakers is more often the latter and fades faster. Largan's continued land accumulation is of the same family, physical capacity commitments by suppliers have historically been a more durable tell of cycle length than futures positioning. A sell-side upgrade to Taiwan's growth forecast of this size is the kind of revision that typically follows, rather than leads, the export data, and serves mainly to confirm what the semiconductor order book already shows. The follow-ons are whether the strength holds into the US session, whether memory and foundry pricing commentary corroborates the packaging signal, and whether other houses follow the growth upgrade.