The Nikkei extended its gains in the Tokyo market on the 12th, bringing a return to the ¥62,000 range into view. Following gains in U.S. stocks the previous day, a range of stocks, including AI-related semiconductor names, were bought, and the Nikkei traded about ¥789 higher.
The Nikkei extended its gains in the Tokyo market on the 12th, trading about ¥789 above the previous day's close.
It was reported that CoreWeave, an AI-focused cloud services provider, rebounded sharply in the U.S. market, temporarily easing concerns about excessive investment in AI-related stocks. AI-related stocks, including semiconductor names, have been leading the market higher.
The Nikkei is expected to rise more than ¥1,200 from the previous day's close of ¥61,248, with a return to the ¥62,000 range in view.
Market conditions may fluctuate depending on the flow of funds into AI investment and the performance of semiconductor-related stocks.