Following strong earnings from Micron Technology, the Nikkei 225 briefly rose more than ¥2,200 to the ¥68,900 range. AI-related and semiconductor stocks attracted buying. Expectations for expanding AI demand were behind the move, which spread to Japanese stocks.
In the Tokyo stock market, the Nikkei 225 rose sharply, briefly reaching a level approximately ¥2,200 above the previous day's close. The move was driven by strong earnings from Micron Technology and expectations for demand related to AI and data centers.
Micron reported revenue of $5.42 billion for the June-August 2026 quarter, up approximately 4.8 times year on year. Expectations grew that demand for the company's products would continue to expand and that investment related to AI and data centers would remain strong.
Buying spread to Japanese semiconductor-related stocks, and the Nikkei 225 maintained its high level after the market opened, extending its gains.
The Nikkei 225 opened at ¥67,106.52 and subsequently approached the ¥68,900 range.
Reports said that investor preference for stocks centered on semiconductor manufacturing equipment was broadening, driven by expectations of expanding AI demand.
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