Kioxia Holdings Corporation rose 13.7% week on week. Alongside speculation that AI-related semiconductor stocks could reignite, U.S. inflation data and earnings from major companies will be in focus for investors this week.
Last week, long-term interest rates, a stronger yen and higher crude oil prices weighed on the market, prompting broad-based selling of economically sensitive stocks. Meanwhile, Kioxia Holdings Corporation, a core AI-related semiconductor stock, rebounded sharply, gaining 13.7% week on week, raising expectations that renewed buying of semiconductor memory stocks could return.
This week, the U.S. August PPI and CPI data are due to be released. Depending on the inflation trends, the data could also affect U.S. markets and the Bank of Japan's policy outlook. Semiconductor memory stocks could be reassessed as the leading segment of the market.
Against the backdrop of yen appreciation and movements in long-term interest rates, the market is expected to focus on the outlook for economically sensitive stocks in both domestic- and externally oriented sectors. Uncertainty also remains over whether fund flows into AI-related stocks will shift following Oracle's earnings announcement in the United States, scheduled for early morning on the 11th local time.
SanDisk and Intel, among others, have also been reported to be moving in connection with semiconductor memory stocks. Attention is focused on whether the tone of the AI semiconductor market will reignite depending on earnings results.