The Nikkei 225 jumped 3.6% to around 50300 while the Topix gained 2.6% to 3330 on Thursday, with Japanese shares snapping a four-day decline as technology and AI-linked stocks rallied on Nvidia’s upbeat earnings.
Nvidia surged more than 5% in extended trading after reporting stronger earnings and revenue along with a better-than-expected fourth quarter sales forecast, with CEO Jensen Huang saying demand for its Blackwell chips is “off the charts.” The results helped ease recent concerns about an AI bubble following weeks of selling on valuation worries.
Top gainers in Japan included SoftBank Group (7.3%), Kioxia Holdings (9.6%), Advantest (10%), Fujikura (9.7%) and Tokyo Electron (6.4%).
Investors also tracked currency moves as the yen weakened to around 157 per dollar on expectations of massive fiscal stimulus, prompting fresh verbal intervention from authorities.
AloJapan.com