The Nikkei Stock Average rebounded, rising approximately ¥3,707 this week. NVIDIA's earnings and Anthropic's Nasdaq listing will be in focus next week, with movements in AI-related stocks expected to be key to the market.
The Nikkei Stock Average rebounded on the Tokyo Stock Exchange this week, closing at ¥61,142, up ¥322 from the previous day. It briefly rose to the ¥61,900 level during the morning session, but gains were limited in the afternoon as some AI-related stocks struggled to advance. The index rose approximately ¥3,707 on a weekly basis, while trading value on the TSE Prime market remained generally above ¥8 trillion.
The biggest events to watch next week are NVIDIA's earnings announcement on the 17th and Anthropic's Nasdaq listing, reportedly expected on the 19th. With domestic companies' earnings announcements also coming to a close, volatility in AI-related stocks could increase, while funds are expected to flow into stocks that respond strongly to positive news despite limited signs of overheating.
Movements in AI-related stocks continued to be seen as a factor influencing the market this week. Individual-stock factors, including a sharp rise in Recruit Holdings and better-than-expected earnings from V Technology, supported the Nikkei Stock Average, while ASICS, SoftBank Group and some AI-related stocks also weakened at times. Depending on the results of next week's earnings announcements and listing, AI-related stock movements are likely to become the market's focus again.
Domestic and overseas events scheduled for next week include the release of flash GDP data, trade statistics, inbound visitor numbers and machinery orders. Developments at AI-related companies, including CoreWeave's strong earnings, will also be closely watched. The market is expected to remain focused on assessing both the risks and the momentum surrounding the AI industry as a whole.