Japan · CNBC Technology
SoftBank shares surge over 16% as Japan tech-fueled rally lifts Nikkei 225 to record highs
Compiled by KHAO Editorial — aggregated from 4 outlets. See llms.txt for citation guidance.
◎ Multiple-sources
Shares in Japanese tech-focused investment giant SoftBank Group soared 16.5% Thursday, amid a broader tech-fueled rally that saw Japan's Nikkei 225 surge to record highs.
Key facts
- Bulk pointed to AMD's latest forecast that the total addressable market for datacenter CPUs could reach $120 billion by 2030, growing more than 35% annually
- While SoftBank is on course to record its best day since 2020, if gains hold, chip-testing equipment maker Advantest rose nearly 7.8%, while semiconductor equipment supplier Tokyo Electron surged 9.2%
- Shares in Japanese tech-focused investment giant SoftBank Group soared 16.5% Thursday, amid a broader tech-fueled rally that saw Japan's Nikkei 225 surge to record highs
- Rolf Bulk, head of semiconductor and infrastructure at The Futurum Group, said the rally reflects growing optimism around the long-term demand outlook for AI infrastructure
Summary
Japanese markets reopened after an extended holiday and investors rushed to catch up with a global artificial intelligence-fueled rally, sending Japanese tech names higher. While SoftBank is on course to record its best day since 2020, if gains hold, chip-testing equipment maker Advantest rose nearly 7.8%, while semiconductor equipment supplier Tokyo Electron surged 9.2%. The rally came after Wall Street's tech-heavy Nasdaq Composite hit another record overnight, with U.S. artificial intelligence-linked stocks surging. "Japan was shut for the back end of Golden Week while global risk assets ripped, so today's move is the Nikkei pricing in three sessions in one," said Global X ETFs' investment strategist Billy Leung.