As concerns over AI spread, investors are reassessing the relative cheapness of semiconductor stocks, and contrarian investors are becoming more active. Tokyo stocks continued to decline on the 26th amid concerns over the liquidity of AI-related companies.
The Nikkei Stock Average fell from the previous day on the 26th, closing at ¥62,189 for a third consecutive trading-day decline. Concerns over the liquidity of AI-related companies are weighing on investor sentiment.
At the same time, the price-to-earnings ratio (P/E) of semiconductor stocks has fallen to levels seen about two years ago, prompting reports that investors mindful of their relative cheapness have begun to buy.
Against this backdrop, concerns over outflows from AI-related stocks and buying interest in undervalued stocks have emerged simultaneously, causing market movements to diverge, particularly among semiconductor stocks.
Market participants are watching for further news related to AI and updates on capital flows.