The Nikkei Average plunged on the 15th against a backdrop of falling global semiconductor stocks. Bond yields of AI-related companies surged, and caution in the bond market is beginning to spread to the equity market.
As global semiconductor stocks came under heavier selling pressure, the Nikkei Average plunged on the 15th, closing below ¥65,000. The deterioration in semiconductor stocks supporting AI is believed to have transmitted to the equity market the caution that had already spread through the bond market.
Yields on bonds issued by AI-related companies have surged across the board, heightening caution toward the equity market. The performance of U.S. CoreWeave has drawn attention, with the AI cloud-services sector a focal point.
Based on Nikkei reporting, this article describes the spread of caution from the bond market to the equity market and the current changes in the asset burden of a specific AI company.