Buying led at the open in Tokyo after NVIDIA reported strong results. NVIDIA's earnings are expected to trigger fund inflows into AI and semiconductor stocks, with the Nikkei 225 poised to recover to the ¥67,000 range.
Buying led at the open in Tokyo on the 27th, and the Nikkei 225 rose ¥513 from the previous business day to ¥66,775. UX was showing a buying-led trend in the morning.
In the U.S. stock market, NVIDIA announced its May-July quarter results, with both revenue and net income reaching record highs on a quarterly basis. The company also indicated that its earnings outlook remained favorable.
Following the results, NVIDIA shares fluctuated sharply in after-hours trading but remained above the previous day's closing price. Movements in U.S. stocks are seen as likely to generate activity in the Tokyo market.
Buying is expected to spread to major AI and semiconductor-related stocks, putting a recovery by the Nikkei 225 to the ¥67,000 range within sight.