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Nikkei Index strengthens as Meta’s AI device release boosts CPU-related stocks

BlockBeats reported that on September 24, Thursday, CPU-related stocks rose sharply, driven by news that Meta had released a small handheld device called “Meta Charm,” pushing the Nikkei 225 Index higher.

The device is designed to run Meta’s new Muse AI assistant, stimulating demand for key computer components. As of the midday trading break, the Nikkei Index was up 1.33%, while the TOPIX Index edged up 0.12%. Kazuaki Shimada, chief strategist at IwaiCosmo Securities, said the news boosted the share prices of other CPU-related companies.

Socionext, Meiko Electronic, and Ushio Inc. each rose more than 10%. Advantest, a chip-testing equipment manufacturer, rose 4%, while SoftBank Group edged up 0.52%. Strategists said that in recent trading, chip-related stocks have often been able to withstand the impact of rising yields.

Original link https://m.theblockbeats.info/flash/368765