ME News reports that on November 11 (UTC+8), the Nikkei 225 index rose for the third consecutive trading day, as recent data and corporate earnings reignited optimism in the AI sector. A Reuters survey showed Japan’s November manufacturing sentiment index rose to its highest level in over five years. Despite a decline in U.S. stocks, AI cloud computing company CoreWeave expects to achieve profitability in the first half of 2028. Nomura Securities strategist Wataru Akiyama noted that investors are closely watching NVIDIA’s upcoming earnings report; a strong performance could drive a rebound in Japanese AI-related stocks. (Source: ChainCatcher)
Nikkei Index Rises for Third Straight Day as Optimism Returns to the AI Sector
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Summary
The Nikkei 225 rose for the third consecutive day as on-chain data and earnings reports bolstered sentiment in the AI sector. A Reuters survey revealed that Japan’s November manufacturing confidence reached a five-year high. AI cloud company CoreWeave anticipates turning a profit by mid-2028, despite declines in U.S. stocks. Nomura’s Wataru Akiyama noted that investors are closely monitoring NVIDIA’s upcoming earnings, which could boost Japanese AI stocks. The Fear & Greed Index indicates market sentiment is shifting toward optimism.
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