Global Markets | Japan's Nikkei Weighed Down by AI Stocks Ahead of Nvidia Earnings

Japan’s Nikkei edges lower as AI stocks slip ahead of Nvidia results

Tokyo, Aug. 24 (SANA) The Nikkei Stock Average fell 0.07% to 65,968 in morning trading Monday, paring losses as investors awaited Nvidia’s earnings and the Jackson Hole symposium.Selective buying in semiconductor equipment stocks offset selling in AI-related shares, with Tokyo Electron up 2.1%, while Fujikura fell 3.5% and SoftBank Group lost 3.3%.Nvidia is due to report earnings on August 26. Concerns over reported plans to raise AI server pric…

Global Markets | Japan's Nikkei weighed down by AI stocks ahead of Nvidia earnings

The Nikkei share average in Japan experienced a downturn as stocks related to artificial intelligence faced mounting pressure due to inflation concerns and geopolitical uncertainties in the Middle East. While chip-making firms such as Tokyo Electron reported gains, other AI companies struggled. Anticipation builds around potential interest rate hikes from the Bank of Japan, with Nvidia's forthcoming earnings report seen as pivotal for the tech s…

Global Market: Japan’s Nikkei swings as AI stocks slip ahead of Nvidia results

Japan’s Nikkei swung between gains and losses on Monday as investors turned cautious ahead of Nvidia’s earnings this week. AI-related stocks came under pressure amid concerns over rising costs, while higher bond yields and inflation worries added to uncertainty. Expectations of a Bank of Japan rate hike further weighed on sentiment.

Nikkei wavers as AI stocks weigh ahead of Nvidia earnings

Japan’s Nikkei share average moved between small gains and losses on Monday (Aug 24), with artificial intelligence-related shares under pressure ahead of Nvidia earnings later in the week. Read more at The Business Times.