Japan's Nikkei 225 reversed an early decline on Wednesday as falling oil prices and lower US Treasury yields eased pressure on growth stocks, while investors positioned cautiously before Nvidia's closely watched earnings. The benchmark was up about 0.6% at 66,271 around 1 pm in Tokyo, after falling earlier in the session.
“Tap your finger, move a mountain,” Gravis Robotics' home page says. The Swiss-based company doesn't make a single excavator, backhoe, bulldozer, or crane, but it's looking to add super-smart AI brains to heavy construction metal.
Nvidia said on Monday that it will invest $1.5 billion in SB Energy, a data center linked to SoftBank and OpenAI.
Softbank Group Corp. unveiled a new stake in Capital One and disclosed that it sold 71.5% of its stake in Taiwan Semiconductor Holdings during the second quarter in filings with the U.S. Securities and Exchange Commission.
The Nikkei 225 Index jumped sharply this week, reaching its highest level since July 6, and 15% above its lowest level this month. This rebound was driven by the ongoing technology stock gains as investors bought the recent dip.
SoftBank Group jumped more than 5% in Tokyo on Friday as technology shares rallied amid easing fears of another US interest-rate increase. SoftBank rose 5.3% in early trade, helping the Nikkei 225 climb 1.8% to 69,523.56.
A U.S. judge dismissed the bribery case against Indian billionaire Gautam Adani, ending the businessman's legal woes in the U.S. However, the judge said "irregularities" in the DOJ's move to dismiss the indictment were "concerning."
