Nikkei drops 2.69% to 64,634.04 as Alphabet slide revives worries over AI capex
AI Market Summary
Japan's Nikkei fell 2.69% and is down over 7% for the month, with losses concentrated in semiconductor and AI-linked names after Alphabet's results highlighted rising AI capex and accelerating cash burn. The move revives concerns about the sustainability of AI-infrastructure spending and tightens the link between Japanese equities and offshore tech risk sentiment, particularly U.S. semiconductors and Korea's KOSPI.
Impact level
● Medium
Affected assets
NCSINIKKEI2252USD/USDT-1.02%
AI Insight · NCSINIKKEI2252USD/USDTAI Insight
▼ Bearish
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Japan’s Nikkei 225 fell 2.69% to 64,634.04 on Friday, taking its monthly loss to more than 7% and pushing it into technical correction territory. The decline followed a 7% overnight drop in Alphabet shares after the company flagged higher AI spending plans and faster cash burn, reigniting concerns over the sustainability of AI infrastructure investment. Semiconductor and AI-linked stocks led the selloff, with Advantest down 6.33%, Tokyo Electron down 5.43% and SoftBank Group down 7.42%.
