Advantest shares rose as much as 5%, as buying back of AI and semiconductor stocks progressed after growth in SpaceX’s AI business exceeded market expectations in its quarterly results.
Advantest shares rose as much as 5.63% from the previous day to ¥35,780 as of 10:00, with buying leading the market. Gains moderated after the initial buying subsided.
SpaceX’s quarterly results reportedly showed growth in its AI-related business exceeding market expectations, prompting buying back of AI and semiconductor stocks.
Reports said that semiconductor and AI-related stocks, including Advantest, were bought on the back of this movement.