Buying of AI-related stocks continues, but the market lacks exuberance, and the year-end recovery in the AI market is expected to be subdued. In the Tokyo market on the 2nd, the Nikkei Average posted a sharp decline from the previous day.
In Japan's equity market, signs of renewed buying in artificial intelligence (AI)-related stocks have emerged, but concerns such as rising interest rates globally remain, and caution persists after the sharp summer sell-off. The year-end outlook for the AI market is likely to be a recovery lacking exuberance.
The Nikkei Stock Average ended at ¥68,309 on the 2nd, down ¥647 from the previous day in the Tokyo market. Although the decline reflected profit-taking after a rise of approximately ¥3,500 over the previous 2 days, buying continued in some AI- and semiconductor-related stocks.
The article conveys the view that Kioxia and SBG have moved out of their role as market leaders. Meanwhile, movements in AI-related stocks, including data center-related stocks, have become a market focus.