Posted 2/22/2024, 5:50:00 PM
Tokyo Electron Becomes Japan's 3rd Most Valuable Company, Surpassing Sony, Amid Semiconductor Boom
- Tokyo Electron's market cap surpasses Sony's, becoming Japan's 3rd most valuable company
- Tokyo Electron shares have benefited from investor interest in the AI boom
- The company's market cap closed at 17.25 trillion yen ($114.6 billion) on Thursday
- The share price gained 6% to finish at 36,580 yen on Thursday
- Investors flocked to semiconductor stocks after Nvidia released strong earnings Wednesday