Japan's Nikkei tops 67,000 on AI boost; SoftBank becomes most valuable Japanese firm
SoftBank’s market value rose to 47.2 trillion yen as AI-related shares lifted the Nikkei and Toyota’s stock fell, officials said.
- On Monday, Japan's Nikkei share average topped 67,000 for the first time, powered by AI-related shares, as SoftBank Group overtook Toyota Motor to become the country's most valuable company.
- SoftBank's market capitalization swelled to around 47.2 trillion yen, bolstered by the company's pledge to build artificial intelligence infrastructure in France over five years.
- Toyota shares slid 4.8 per cent, leaving its market value at around 45.7 trillion yen, while Murata Manufacturing surged 14.1 per cent as buying interest spread to AI-related stocks.
- The broader Topix index sagged 0.2 per cent, reflecting a split between tech and the wider market, while Alliance partner Nissan declined 7.2 per cent and Mitsubishi Motors tumbled 9.1 per cent.
- Uncertainty surrounding the Middle East continues to dampen sentiment, with strategist Maki Sawada warning, "we're in a situation where concerns about overvaluation are deep-rooted," as many Tokyo stocks faced selling pressure.
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SoftBank Group has become Japan’s largest listed company this Monday, after its stock prices have been revalued by 14.02 percent at the end of the session, boosting its capitalization to almost 49 billion yen (about 263 billion euros), surpassing that of the Toyota auto giant. The titles of the Japanese conglomerate led by Masayoshi Son have fired today’s session with a record new price at the close of 8,541 yen, which implies a revalorization i…
There’s a new sheriff of Japan’s stock market
SoftBank surpassed the Japanese carmaker after pledging over the weekend to invest as much as €75 billion ($87 billion) to build Europe’s largest AI facility in France, helping to boost its share price by 14% on Monday – enough for it to overtake Toyota in terms of market capitalization. Toyota’s ousting from Japan’s top spot reflects the surging global interest in artificial intelligence and semiconductors, and marks a substantial moment for a …
SoftBank overtakes Toyota to become Japan's most valuable company
SoftBank Group Corp. overtook Toyota Motor Corp. on Monday to become Japan's most valuable publicly traded company amid a rally in technology shares, marking the first time in more than 22 years for the automaker to cede the top spot.
Since Monday morning, the most valuable Japanese company is not Toyota, but SoftBank, as we already wrote in this blog this morning. But while Toyota…
Toyota Is No Longer Japan's Most Valuable Company: Is The Writing On The Wall For The World's Largest Car
SoftBank Group Corp. (OTC:SFTBY) has overtaken Toyota Motor Corp. (NYSE:TM) as Japan's largest company by market value, as investor demand for artificial intelligence and semiconductor-linked stocks pushed the Nikkei 225 to a record high. SoftBank Ends Toyota's Long Market Reign The shift ended Toyota's more than 20-year run as Japan's biggest company by market capitalization and underscored how global investors are rewarding companies tied to A…
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