AI Boom Makes 139-Year-Old Cable Company Japan’s Hottest Stock
- Fujikura has benefited from surging demand for data centers
- Company will be added to the MSCI global indexes on Nov. 25
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The global frenzy in AI has turned an obscure Japanese company into a stock-market star.
Fujikura Ltd., which makes wire cabling for data centers, 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.