Nintendo and Sanrio Stocks Get New AI Boost
Japanese entertainment names like Nintendo and Sanrio are getting caught up in the AI trade. With capital moving to chips, data centers, and automation, investors are questioning if top Japanese consumer franchises can keep their old price tags. Nikkei Asia said higher memory prices and money flowing into AI are new headwinds for the country’s content and character sectors, according to a TechNews summary. Japan’s market isn’t moving up in a straight line now. The Nikkei ended Tuesday up 2.17% at 65,416.63, clawing back some ground after dropping 3.85% on Monday, the steepest fall in three months. Kazuaki Shimada, chief strategist at IwaiCosmo Securities, said people still like AI shares, but there’s caution about how fast the market’s been running.
