Murata Manufacturing was reported to have raised its full-year operating profit forecast to ¥520 billion. Expanding AI demand was cited as a factor behind the expected record-high profit, while the share price traded down 7.72%.
Murata Manufacturing was reported to have raised its full-year operating profit forecast to ¥520 billion. The article cited expanding AI demand as the backdrop to the expected record-high profit.
The expansion in AI demand was reported to be contributing to an improvement in the company’s performance and was described as a factor that could lead to record-high profit.
A breaking report said that the share price had fallen 7.72% immediately after the announcement.