{"id":1456,"date":"2024-07-12T22:21:30","date_gmt":"2024-07-12T22:21:30","guid":{"rendered":"https:\/\/www.tejwin.com\/en\/insights\/jensen-huangs-speech\/"},"modified":"2026-09-23T18:13:48","modified_gmt":"2026-09-23T18:13:48","slug":"jensen-huangs-speech","status":"publish","type":"insight","link":"https:\/\/www.tejwin.com\/en\/insights\/jensen-huangs-speech\/","title":{"rendered":"Analyzing the Changes in Sharpe Ratio of NVIDIA Concept Stocks Using TEJ API from Jensen Huang&#8217;s Speech at National Taiwan University"},"content":{"rendered":"\n<figure class=\"wp-block-image aligncenter size-full caption-align-center is-style-editorskit-rounded\"><img loading=\"lazy\" decoding=\"async\" alt=\"nvidia Jensen Huang's speech\" class=\"wp-image-25470\" height=\"4032\" src=\"https:\/\/www.tejwin.com\/en\/wp-content\/uploads\/2026\/08\/image-44.jpeg\" style=\"object-fit:cover\" width=\"3024\"\/><figcaption class=\"wp-element-caption\">Photo by <a class=\"ek-link\" href=\"https:\/\/unsplash.com\/@lealea_leaa\" rel=\"noopener\" target=\"_blank\"><strong>Lea \u00d8chel<\/strong><\/a> on <a class=\"ek-link\" href=\"https:\/\/unsplash.com\/photos\/black-leather-zip-up-jacket-on-white-textile-nsRBbE6-YLs?utm_content=creditCopyText&amp;utm_medium=referral&amp;utm_source=unsplash\" rel=\"noopener\" target=\"_blank\">Unsplash<\/a><\/figcaption><\/figure>\n<h2 class=\"wp-block-heading\">Highlight<\/h2>\n<ul class=\"wp-block-list\">\n<li>Article Difficulty: \u2605\u2606\u2606\u2606\u2606<\/li>\n<li>Analyze whether NVIDIA\u2019s partners in Taiwan have become more suitable investment targets following Jensen Huang\u2019s speech at National Taiwan University, using the Sharpe ratio as the standard.<\/li>\n<\/ul>\n<h2 class=\"wp-block-heading\">Preface<\/h2>\n<p class=\"wp-block-paragraph\">On June 2, 2024, NVIDIA\u2019s CEO Jensen Huang delivered a speech in Taiwan. At the end of his presentation, he displayed several slides listing Taiwan\u2019s business partners. This moment sparked widespread attention in society and led to innovative terms such as \u201cthe world\u2019s strongest AI ETF\u201d and \u201cETF with Huang content.\u201d<br\/>Moreover, Jensen Huang\u2019s influence extended into everyday life. The \u201cApo Fruit Stall\u201d at Tonghua Street Night Market (aka Linjiang Street Night Market) and the \u201cFu Bawang Pork Rice\u201d in the Siping Sun Square became news hotspots following his visit, showcasing the admiration and enthusiasm Taiwanese people have for him.<br\/>This article uses the Sharpe ratio to assess the changes in NVIDIA\u2019s Taiwanese business partners before and after the speech, analyzing Jensen Huang\u2019s speech\u2019s impact on their related supply chain.<\/p>\n<h2 class=\"wp-block-heading\"><strong>Editing Environment and Module Requirements of Analysis<\/strong><\/h2>\n<p class=\"wp-block-paragraph\">This article uses the Windows 11 OS and VS code as the editor.<\/p>\n<h2 class=\"wp-block-heading\">Database Usage<\/h2>\n<ul class=\"wp-block-list\">\n<li><a class=\"ek-link\" href=\"https:\/\/api.tej.com.tw\/columndoc.html?subId=50\" rel=\"noopener\" target=\"_blank\">TWN\/ANPRCSTD(Stock Return (Daily) \u2013 Rate of Return)<\/a><\/li>\n<\/ul>\n<h2 class=\"wp-block-heading\">What is the Sharpe ratio?<\/h2>\n<p class=\"wp-block-paragraph\">In the financial field, the Sharpe Ratio is an important indicator for measuring the performance of an investment portfolio. It measures the excess return per unit of risk taken. Naturally, the higher the return for each unit of risk, the better! Therefore, we often use the Sharpe Ratio to evaluate the long-term performance of investment portfolios, set investment goals, and assess the skills of fund managers.<br\/><\/p>\n<p class=\"wp-block-paragraph\">The Sharpe Ratio calculation formula is:<br\/>Sharpe Ratio = (Average Daily Return \u2013 Risk-Free Rate) \/ Standard Deviation<\/p>\n<h2 class=\"wp-block-heading\">Jensen Huang\u2019s Speech Background Panel List<\/h2>\n<p class=\"wp-block-paragraph\">LITEON\u3001UMC\u3001DELTA\u3001Foxconn\u3001Compal\u3001TSMC\u3001Acer\u3001Inventec\u3001ASUS\u3001SOLOMON\u3001GIGABYTE\u3001MSI\u3001Quanta\u3001ADVANTECH\u3001AverMedia\u3001KYEC\u3001MediaTek\u3001LeadTek\u3001TRI\u3001Unimicron\u3001EDOM\u3001Axiomtek\u3001Wistron\u3001G.M.I\u3001ASRock\u3001Thermaltake\u3001MiTAC\u3001ASE\u3001PEGATRON\u3001Coretronic\u3001YUAN\u3001EverFocus\u3001InWin\u3001KENMECS\u3001ADLINK\u3001Lanner\u3001Onyx Healthcare\u3001AAEON\u3001Wiwynn\u3001Neousys\u3001Chenbro Micom\u3001NEXCOM\u3001GIANT.<\/p>\n<h3 class=\"wp-block-heading\">Data Import<\/h3>\n<pre class=\"wp-block-code\"><code>import tejapi\nimport pandas as pd\n\n<code>tejapi.ApiConfig.api_key  = \"Your Key\"\n<\/code>tejapi.ApiConfig.api_base = \"https:\/\/api.tej.com.tw\"\ntejapi.ApiConfig.ignoretz = True\n<\/code><\/pre>\n<p class=\"has-text-align-center wp-block-paragraph\">Establish the stock codes of NVIDIA\u2019s business partners in Taiwan and retrieve their daily return rates (divided into before and after Jensen Huang\u2019s speech)<\/p>\n<pre class=\"wp-block-code\"><code>coid_list = ['6579', '2353', '6166', '2395', '3711', '3515', '2357', '2417', '3088', '8210', '2324', '5371', '2308', '3048', '5484', '2317', '9921', '2376', '3312', '2356', '6117', '6125', '2449', '6245', '2465', '2301', '2454', '3706', '2377', '6922', '8234', '6569', '4938', '2382', '2359', '3030', '3540', '2330', '2303', '3037', '3231', '6669', '5474'] \n\ntablebefore = tejapi.get (\n    'TWN\/APRCD2',\n    coid = coid_list ,\n    mdate = {'gte':'2024-05-02','lte':'2024-06-02'}, \n    paginate = True, \n    opts={'columns':['coid','mdate','roia']},\n    )\ntableafter = tejapi.get (\n    'TWN\/APRCD2',\n    coid = coid_list ,\n    mdate = {'gte':'2024-06-02','lte':'2024-07-02'}, \n    chinese_column_name = True,\n    paginate = True, \n    opts={'columns':['coid','mdate','roia']},\n    )\n\ndfbefore = pd.DataFrame(tablebefore)\ndfafter = pd.DataFrame(tableafter)\n<\/code><\/pre>\n<figure class=\"wp-block-image aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" alt=\"Jensen Huang's speech\" class=\"wp-image-25325\" height=\"462\" src=\"https:\/\/www.tejwin.com\/en\/wp-content\/uploads\/2026\/08\/image-467.png\" width=\"334\"\/><figcaption class=\"wp-element-caption\">Jensen Huang\u2019s speech Background list return of day<\/figcaption><\/figure>\n<div style=\"border: 1px black; border-style: solid none; text-align: center; border-color: #296580; padding: 24px; margin-top: 24px; margin-bottom: 24px;\">\n<p style=\"margin: 0px; font-size: 24px; font-weight: bold; line-height: 1.5;\">Learn More About the High-Quality Investment Database by TEJ! Construct Trading Strategies With Market Data.<\/p>\n<div style=\"margin-top: 32px;\"><strong><a href=\"\/en\/databank-solution\/market-data\/\" style=\"border: none; border-radius: 4px; background-color: #296580; color: white; font-size: 20px; width: fit-content; text-decoration: none; padding: 12px 30px 12px 30px;\">TEJ Market Data<\/a><\/strong><\/div>\n<\/div>\n<p class=\"has-text-align-left wp-block-paragraph\">Use <code>groupby<\/code>\u3001<code>mean<\/code>\u3001and <code>std<\/code> in Pandas to calculate the average daily return and standard deviation to determine the Sharpe ratio and assess whether there is a difference.<\/p>\n<figure class=\"wp-block-image aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" alt=\"nvidia stock price\" class=\"wp-image-25327\" height=\"718\" src=\"https:\/\/www.tejwin.com\/en\/wp-content\/uploads\/2026\/08\/image-468.png\" width=\"802\"\/><\/figure>\n<p class=\"wp-block-paragraph\">Use Matplotlib to count the number of stocks that have gone up and down and compare them using a bar chart.<\/p>\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" alt=\"ai \nJensen Huang net worth\" class=\"wp-image-25329\" height=\"622\" src=\"https:\/\/www.tejwin.com\/en\/wp-content\/uploads\/2026\/08\/image-469.png\" width=\"845\"\/><\/figure>\n<p class=\"wp-block-paragraph\">The following chart shows that the number of companies with a decrease in their Sharpe ratio is actually higher, nearly double the number of companies with an increase.<\/p>\n<p class=\"has-text-align-center wp-block-paragraph\">Next, we will use a bar chart for visualization to closely observe the changes in Sharpe ratios of each company before and after the speech.<\/p>\n<figure class=\"wp-block-image aligncenter size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" alt=\"ai supply chain sharpe ratio\" class=\"wp-image-25331\" height=\"790\" src=\"https:\/\/www.tejwin.com\/en\/wp-content\/uploads\/2026\/08\/image-470.png\" style=\"width:840px;height:auto\" width=\"1389\"\/><\/figure>\n<p class=\"has-text-align-center wp-block-paragraph\">Based on the chart above, it can be observed that many companies\u2019 Sharpe ratios decreased after the speech, with most even turning from positive to negative. However, the standout is EverFocus (5484), whose Sharpe ratio increased from 0.14 to 1.27. A possible reason circulating online is that before Jensen Huang\u2019s Speech announced the partners, EverFocus\u2019s stock price was the lowest, attracting investors\u2019 attention and causing the price to rise steadily, making it a stock to watch.<\/p>\n<h2 class=\"wp-block-heading\">Conclusion<\/h2>\n<p class=\"wp-block-paragraph\">How do we view the phenomenon of declining Sharpe ratios? We believe that the market has overreacted to Jensen Huang\u2019s speech regarding the list of business partners, reflecting investors\u2019 decisions based on emotions and short-term trends rather than rational long-term investment strategies. This overreaction to Jensen Huang\u2019s speech leads to a short-term surge in prices. Still, the market eventually returns to rationality, causing prices to potentially decline and increasing the standard deviation of returns, which results in a lower Sharpe ratio.<\/p>\n<p class=\"wp-block-paragraph\">The decline in the Sharpe ratio means that these stocks, while providing returns, are accompanied by greater volatility and risk. This reminds investors to focus more on risk management and long-term returns while pursuing short-term gains. However, we shouldn\u2019t dismiss the entire NVIDIA AI supply chain; it\u2019s important to monitor the performance of these business partners over the long term, especially regarding their ability to achieve substantial business growth and improved profitability after collaborating with Jensen Huang, as this is fundamental to ensuring investment returns.<\/p>\n<p class=\"wp-block-paragraph\">This implementation analyzes insider transfers using the TEJ API. Using the data provided by TEJ API, we can implement various types of analysis as far as we can imagine. This approach saves time and effort and furnishes investors with a more diversified evaluation method. Explore more related solutions in\u00a0<a class=\"ek-link\" href=\"\/en\/databank-solution\/market-data\/\" rel=\"noreferrer noopener\" target=\"_blank\">TEJ Databank<\/a>. Construct your trading strategy with a high-quality database.<\/p>\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button has-custom-width wp-block-button__width-100 has-custom-font-size is-style-fill\" style=\"font-size:22px\"><a class=\"wp-block-button__link has-background wp-element-button\" href=\"\/en\/databank-solution\/market-data\/\" style=\"border-radius:15px;background:linear-gradient(135deg,rgb(229,209,131) 0%,rgb(75,209,200) 51%,rgb(76,132,205) 100%)\"><strong>Learn More About the High-Quality Investment Database by TEJ! <br\/>Construct Trading Strategies With Market Data.<\/strong><\/a><\/div>\n<\/div>\n<div aria-hidden=\"true\" class=\"wp-block-spacer\" style=\"height:11px\"><\/div>\n<p class=\"wp-block-paragraph\">Reminder: <strong>The strategy is only for reference and does not represent recommendations or advice on any financial products and investments.<\/strong><\/p>\n<h2 class=\"wp-block-heading\">GitHub <strong>\u00a0<\/strong>Source Code<\/h2>\n<p class=\"wp-block-paragraph\"><a class=\"ek-link\" href=\"https:\/\/github.com\/tejtw\/TEJAPI_Python_Medium_Quant\/blob\/92ba5a8f328dc042d52bcfa1977c9f9cb8b6945a\/%E8%BC%9D%E9%81%94%E6%A6%82%E5%BF%B5%E8%82%A1%E8%8B%B1%E6%96%87.ipynb\" rel=\"noopener\" target=\"_blank\">Changes in Sharpe Ratio of NVIDIA Concept Stocks from Jensen Huang\u2019s Speech<\/a><\/p>\n<p><a href=\"https:\/\/www.tejwin.com\/en\/insight\/%e3%80%90quant%e3%80%91pe-ratio-analyzing\">https:\/\/www.tejwin.com\/en\/insight\/%e3%80%90quant%e3%80%91pe-ratio-analyzing<\/a><\/p>\n\n\n<figure class=\"wp-block-embed is-type-wp-embed is-provider-tej-en wp-block-embed-tej-en\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"NyZyjted2A\"><a href=\"https:\/\/www.tejwin.com\/en\/insights\/block-trade-strategy-achieves-performance-beyond-the-market-index\/\">Block Trade Strategy Achieves Performance Beyond The Market Index<\/a><\/blockquote><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; visibility: hidden;\" title=\"\u201cBlock Trade Strategy Achieves Performance Beyond The Market Index\u201d \u2014 TEJ\" src=\"https:\/\/www.tejwin.com\/en\/insights\/block-trade-strategy-achieves-performance-beyond-the-market-index\/embed\/#?secret=qjTW5AsHHs#?secret=NyZyjted2A\" data-secret=\"NyZyjted2A\" width=\"600\" height=\"338\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe>\n<\/div><\/figure>\n\n\n<p class=\"wp-block-paragraph\" style=\"font-size:26px\"><strong>Extended Reading<\/strong><\/p>\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-7387b849 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<\/div>\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<\/div>\n<\/div>\n<p class=\"wp-block-paragraph\" style=\"font-size:26px\"><strong>Related Links<\/strong><\/p>\n<ul class=\"wp-block-list\">\n<li><a class=\"ek-link\" href=\"\/en\/\">TEJ Website<\/a><\/li>\n<li><a href=\"https:\/\/www.linkedin.com\/company\/taiwan-economic-journal-co-ltd-\/\" rel=\"noreferrer noopener\" target=\"_blank\">LinkedIn<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>During Jensen Huang\u2019s speech at National Taiwan University, he revealed a list of NVIDIA\u2019s business partners in Taiwan, which led to the viral spread of the term \u201cthe world\u2019s strongest AI ETF\u201d. What impact did this announcement have on the stocks of these business partners? We will use TEJAPI to calculate the Sharpe ratio to determine whether the effect was positive or negative. Additionally, we will visualize the observed results.<\/p>\n","protected":false},"featured_media":1455,"template":"","tags":[65,75,97],"insight_category":[88,90],"class_list":["post-1456","insight","type-insight","status-publish","has-post-thumbnail","hentry","tag-python","tag-ai","tag-data-analysis","insight_category-market-knowledge-data-guides","insight_category-industry-insights"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.tejwin.com\/en\/wp-json\/wp\/v2\/insight\/1456","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.tejwin.com\/en\/wp-json\/wp\/v2\/insight"}],"about":[{"href":"https:\/\/www.tejwin.com\/en\/wp-json\/wp\/v2\/types\/insight"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.tejwin.com\/en\/wp-json\/wp\/v2\/media\/1455"}],"wp:attachment":[{"href":"https:\/\/www.tejwin.com\/en\/wp-json\/wp\/v2\/media?parent=1456"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.tejwin.com\/en\/wp-json\/wp\/v2\/tags?post=1456"},{"taxonomy":"insight_category","embeddable":true,"href":"https:\/\/www.tejwin.com\/en\/wp-json\/wp\/v2\/insight_category?post=1456"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}