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BlueBay Sees Near-Term Japan AI Stock Correction

RBC BlueBay Asset Management expects a near-term correction in Japanese AI-related shares over the next two months, citing peak US hyperscaler spending growth and seasonal rebalancing. Portfolio manager Maya Funaki, who manages about ¥1 trillion in Japanese equities, is trimming risk by increasing cash holdings and rotating into cheaper AI names, though she expects the sector to rebound next year.

read1 min views1 publishedJun 29, 2026

Editorial analysis: For AI infrastructure planners and investors, volatility in Japan's AI-related equities can affect supply-chain financing and partner valuations, creating tactical windows for procurement or M&A diligence. According to Bloomberg, RBC BlueBay Asset Management expects a near-term correction in Japanese AI-related shares over the next two months as investors price in peak US hyperscaler spending growth and seasonal rebalancing. Bloomberg quotes Hong Kong-based portfolio manager Maya Funaki saying the sector may rebound next year on improving sentiment tied to the prospect of favorable US policy measures ahead of the midterm elections. Bloomberg reports Funaki saying, "While reducing risk is necessary during times of elevated volatility, AI stocks are structurally heading higher." The coverage adds that BlueBay is trimming near-term risk, slightly increasing cash holdings and rotating into cheaper AI names; Funaki manages about ¥1 trillion (about $6.2 billion) in Japanese equities, Bloomberg reports.

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