A major stock index composed of Japanese semiconductor-related stocks hit a record high.U.S. semiconductor manufacturerNvidia’s sales outlook is well ahead of market expectations, raising hopes that the semiconductor company’s performance will recover.
Nvidia announced on the 24th that sales for the second quarter (May-July) will increase to about 11 billion dollars (about 1.53 trillion yen) on the back of strong demand for processors for artificial intelligence (AI).
Nvidia Stock Soars, Sales Forecast Exceeds Market Expectations – AI Tailwind
In the Tokyo stock market on the morning of the 25th, semiconductor test equipmentAdvantest’s stock price surged to 16,870 yen at one point, up 20%. Considering the stock split, the real price was the highest since listing. IC (integrated circuit) packageIbiden’s stock price rose by 11% at one point.Nvidia has devices such as Adtestuse.IBIDEN supplies substrates to NVIDIAare supplying.
Buying spreads to semiconductor-related stocks,Shinko Electric Industries rose sharply.of semiconductor manufacturing equipmentSCREEN Holdings andTokyo Electron, a silicon wafer manufacturerSUMCO is also expensive.
NVIDIA’s announcement is a sign that demand for generative AI is on the rise, some in the stock market. Rina Oshita, a senior strategist at Okasan Securities, commented, “Japanese companies were suggesting a ‘recovery from the second half of the year’ in manufacturing equipment and inspection equipment, but the results have increased the likelihood of that.” In particular, Adtest said, “Expectations for an upward revision to earnings are rising.”
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2023-05-25 04:03:51
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