Japan’s Nikkei Stock Index , Surges to an All-Time High.
The Nikkei 225 reached an all-time high on Feb.
22, AP reports.
.
It closed at 39,098.68, surpassing the record of 38,915.87 that was set in December of 1989.
Shares related to computer chips helped to lead the rally on Feb.
22, AP reports.
On Feb.
21, Nvidia reported that its fiscal Q4 revenue jumped from $6.05 billion to $22.1 billion.
Accelerated computing and generative AI have hit the tipping point, Jensen Huang, founder and CEO of Nvidia, via statement.
Demand is surging worldwide across companies, industries and nations, Jensen Huang, founder and CEO of Nvidia, via statement.
Meanwhile, shares in Tokyo Electron, Advantest Corp.
And SoftBank Group Corp.
Were up 6%, 7.5% and 5.1%, respectively.
.
Prior to the recent surge, Japan's benchmark rate has stayed at -0.1% for more than 10 years, AP reports.
.
But within the past few months, Tokyo share prices have risen 15%.
The past year has seen a 44% increase in share prices.
.
As Japanese companies show signs of change I think investors are taking a closer look, Hiromi Yamaji, group CEO of the Japan Exchange Group, via an online briefing sponsored by 'The Financial Times'.
The generation is changing, Hiromi Yamaji, group CEO of the Japan Exchange Group, via an online briefing sponsored by 'The Financial Times'
