🇯🇵 Japanese, 29 October 2026, AI investment
Investor Caution on AI Investment Profitability Revives
Investor caution on AI investment profitability revives after Alphabet and Caterpillar's earnings fell short of expectations.
The Japanese stock market is expected to be influenced by the sale of semiconductor and AI-related stocks, which have been adjusting their holdings. The US market on Friday saw the NY Dow fall by $132 and the Nasdaq by 365 points.
The revival of caution on AI investment profitability is due to the earnings of Alphabet and Caterpillar, which fell short of expectations. Additionally, the acceleration of the growth rate of the personal consumption expenditure (PCE) price index in September has led to an increase in the likelihood of additional interest rate hikes by the US Federal Open Market Committee (FOMC) in December.
The Chicago Nikkei 225 futures price rose by 170 yen to 64,900 yen, while the exchange rate remained around 157.70 yen per dollar. The Chicago futures price ended in the plus zone, but the Nikkei 225 futures price fell short of expectations and ended at 64,100 yen, 630 yen lower than the previous day’s closing price.