Japan Nikkei Swings As AI Stocks Slip Ahead Of Nvidia Results
· Business · Economic Times, Yahoo Finance, Investing.com
Japan’s Nikkei share average moved between small gains and losses on Monday as investors remained cautious ahead of Nvidia’s earnings. Artificial intelligence-related stocks came under pressure due to concerns over rising costs in the supply chain and higher semiconductor prices. Fujikura fell 3.5%, while SoftBank Group dropped 3.3%, though chip-making equipment manufacturer Tokyo Electron gained 2.1%. The broader market was also weighed down by inflation concerns, rising bond yields, and expectations that the Bank of Japan will raise interest rates at its September policy meeting. The Nikkei was up 0.2% at 65,900.95 in morning trading.
Why it matters
Technology investors and semiconductor suppliers face immediate valuation pressures as surging component costs test the profitability of the artificial intelligence sector.
Read the original report — Economic Times
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