INSUBCONTINENT EXCLUSIVE:
On January 22, 2024, the Nikkei Stock Average reached a 34-year high of 36,546, following a 1.6% surge from the previous day.The rise was
led by semiconductor-related stocks, fueled by recovery hopes in the chip market.The U.S
stock market had rallied over the weekend, especially tech stocks
This included a 4% rise in Nvidia shares.Other semiconductor stocks like Advanced Micro Devices, Intel, and Texas Instruments also saw
gains.In Tokyo, this optimism spilled over to semiconductor stocks
Tokyo Electron and Advantest both saw increases of 4%, hitting record highs.They ranked high in trading value on the TSE Prime
up to 26% revenue growth this year
The rise of generative AI computing drives this growth.With the earnings season starting, the outlook for Japanese and U.S
tech companies looks promising
demonstrates its significant role in the tech world, a trend echoed in the U.S
and Taiwan.This surge reveals the deep connection between global markets and the tech sector, watched closely by international investors for
its economic implications.The semiconductor focus highlights its geopolitical value
showcases its adaptability and strength in the rapidly changing tech landscape.
