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AI boom makes 139-year-old cable company Japan’s hottest stock

Bloomberg
Bloomberg • 4 min read
AI boom makes 139-year-old cable company Japan’s hottest stock
The company will join the MSCI global standard indexes on Nov 25 as the sole addition from Japan while eight other companies from the country will be removed. Photo: Bloomberg
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The global boom in AI has turned an obscure 139-year-old Japanese company into a stock-market star. 

Fujikura, which makes wire cabling for data centres, is the best performer on the Nikkei 225 Stock Average index, with its shares surging more than 400% this year.

It will join the MSCI global standard indexes on Nov 25 as the sole addition from Japan while eight other companies from the country will be removed. 

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