With memory semiconductors attracting market attention as the key players driving the AI rally, interest continues in the next pick-and-shovel stocks and in how P/E ratios should be viewed. Some expect the market to remain near its highs even after the summer.
Memory semiconductors have attracted market attention as the key players in the AI rally, shifting the focus of stock selection toward memory-related names. Market participants are discussing which stocks will drive price movements next and how P/E ratios should be viewed.
The Nikkei Stock Average set a new record high on 25 June, closing at ¥72,366. It marked a new high less than two months after the index first reached the ¥60,000 level. Some believe the continuing AI boom is supporting the market.
Some have pointed to a temporary easing in stock momentum since the summer, but few are concerned about a shortage of AI-related catalysts, and the market as a whole remains at elevated levels.
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