Fujikura Ltd., a Japanese wire and fiber optic cable maker, has emerged as the top performer on the Nikkei 225 this year, with its shares surging over 400%. Riding the global AI wave, the company will join the MSCI global standard indexes as the sole addition from Japan. Fujikura’s products are essential for AI infrastructure, including data centers and communications networks, which will require $1 trillion in spending. Analysts favor Fujikura, but some see greater potential in its competitors.
Category
🗞
NewsTranscript
00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Fujikira, a Japanese manufacturer of wire and fiber optic cables, has become Nikkei's
00:07220th top performing stock of the year, with shares soaring over 400%.
00:13Fueled by a global AI boom, the company is set to join the MSCI's Global Standard Indexes as
00:18Japan's sole new addition. Fujikira's products are critical to AI infrastructure, including
00:23data centers and communication networks, which could require $1 trillion in global spending.
00:30While analysts are optimistic about Fujikira's outlook,
00:33some suggest its competitors may hold greater potential for growth.
00:37For all things money, visit Benzinga.com.