{"slug": "nikkei-wavers-as-ai-stocks-weigh-ahead-of-nvidia-earnings", "title": "Nikkei wavers as AI stocks weigh ahead of Nvidia earnings", "summary": "Japan's Nikkei share average wavered on Monday, with AI-related stocks under pressure ahead of Nvidia's earnings on Wednesday, after Bloomberg reported that Nvidia has notified some customers of AI server price hikes of over 15% due to soaring memory costs. The Nikkei was 0.2% higher at 65,900.95, while Fujikura lost 3.5% and SoftBank Group slipped 3.3%, though Tokyo Electron rose 2.1%. Nomura Securities strategist Wataru Akiyama said the concerns over semiconductor profitability are a pretext for selling, and the outlook for AI earnings growth has not changed.", "body_md": "# Nikkei wavers as AI stocks weigh ahead of Nvidia earnings\n\n[TOKYO] Japan’s Nikkei share average moved between small gains and losses on Monday (Aug 24), with artificial intelligence-related shares under pressure ahead of Nvidia earnings later in the week.\n\nThe market was also weighed down by inflation worries amid continued uncertainty in the Middle East, with investors and analysts expecting the Bank of Japan to raise interest rates at its next policy meeting in September.\n\nJapanese government bond yields ticked higher in morning trading.\n\nThe Nikkei was 0.2 per cent higher at 65,900.95 at 0156 GMT, after oscillating between gains of as much as 0.4 per cent and losses of 0.5 per cent.\n\nMost AI-related shares, which tend to be heavily weighted on the Nikkei, declined, with Fujikura losing 3.5 per cent and SoftBank Group slipping 3.3 per cent.\n\nChip-making tool manufacturers outperformed, though, with Tokyo Electron rising 2.1 per cent.\n\nThe broader Topix inched up 0.1 per cent.\n\nNvidia has notified some of its largest customers that AI server prices will rise by more than 15 per cent amid soaring memory costs, Bloomberg reported on Saturday. The company announces financial results on Wednesday.\n\n“We view the concerns over the profitability of semiconductor-related companies — led by Nvidia — as little more than a pretext or trigger for selling” following “a significant build-up of open positions in margin trading recently”, said Wataru Akiyama, an equities strategist at Nomura Securities.\n\n“I think it is fair to say that the outlook for earnings growth in AI and semiconductor-related stocks has not changed.”\n\nAt the same time, with bond yields rising as a result of building inflation worries, “it does not appear that the Japanese stock market is currently in a position to sustain an upward trend”, he added. REUTERS\n\nDecoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.\n\nShare with us your feedback on BT's products and services\n\n[TRENDING NOW](/pulse?ref=trending-now)\n\nNational Day Rally: 8 things to know, from more childcare leave to higher BTO income ceiling\n\nStocks to watch: Mapletree Industrial Trust, OUE, OUE Healthcare\n\nWhen every phone becomes a satellite phone, what happens to Asia’s telcos?\n\nUltraGreen.ai’s big slump: Was it the Singapore market that failed the company, or vice versa?", "url": "https://wpnews.pro/news/nikkei-wavers-as-ai-stocks-weigh-ahead-of-nvidia-earnings", "canonical_source": "https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/nikkei-wavers-ai-stocks-weigh-ahead-nvidia-earnings", "published_at": "2026-08-24 03:04:02+00:00", "updated_at": "2026-08-24 03:12:59.547723+00:00", "lang": "en", "topics": ["artificial-intelligence", "ai-products", "ai-infrastructure", "ai-ethics"], "entities": ["Nikkei", "Nvidia", "Fujikura", "SoftBank Group", "Tokyo Electron", "Bank of Japan", "Nomura Securities", "Wataru Akiyama"], "alternates": {"html": "https://wpnews.pro/news/nikkei-wavers-as-ai-stocks-weigh-ahead-of-nvidia-earnings", "markdown": "https://wpnews.pro/news/nikkei-wavers-as-ai-stocks-weigh-ahead-of-nvidia-earnings.md", "text": "https://wpnews.pro/news/nikkei-wavers-as-ai-stocks-weigh-ahead-of-nvidia-earnings.txt", "jsonld": "https://wpnews.pro/news/nikkei-wavers-as-ai-stocks-weigh-ahead-of-nvidia-earnings.jsonld"}}