Semiconductor-related stocks including Ibiden remained weak as the US SOX Index fell for an eighth straight session. Moves in AI-related stocks appear to have affected the market as a whole.
Semiconductor-related stocks including Kioxia Holdings came under selling pressure from the opening and traded weakly. Ibiden, whose main business is package substrates for Nvidia and Intel, was trading at ¥9,302 as of 9:44 a.m., down ¥462 from the previous weekend.
In the US stock market on the 16th, CoreWeave, which provides cloud services for AI applications, fell sharply, down 11.9%. Bond prices declined amid uncertainty over the sustainability of AI investment and funding, while the stock fell as much as 14%. This spread to other AI infrastructure stocks, and the SOX, which comprises major semiconductor stocks, fell 443 points from the previous day to 11,137, marking an eighth consecutive daily decline.
The move spread to the Tokyo market, where selling orders increased, particularly from overseas investors. As weakness spread across semiconductor-related stocks, selling pressure may also have reached related names such as SUMCO.
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