By CMC Aureon
Publication Date: 2026-05-07 00:00:00
Nikkei and Kospi: record highs in AI euphoria
SoftBank Group (SFTBY) rose more than 18% in Tokyo on Thursday as investors returned to artificial intelligence (AI) and technology stocks. The rally helped Japan’s Nikkei 225 hit a record high, while semiconductor stocks such as Tokyo Electron (TOELY) and Advantest (ATEYY) also rose. Meanwhile, Samsung Electronics (SSNLF) rose 14% to surpass a $1 trillion valuation, helping push South Korea’s Kospi to a record high Financial Times detailed.
Arm reports high demand for its first chip
Earlier this week, SoftBank-backed Arm (ARM) said demand for its new AI chip is expected to generate $2 billion in revenue in 2027 and 2028. The group reported quarterly sales of $1.5 billion, broadly in line with expectations, and said it expected sales for the current quarter to be slightly above forecasts. Still, shares fell about 8% after the earnings announcement. The company also noted weakness in the smartphone market due to the memory chip shortage caused by AI…
