Business · Markets · 3 hrs ago

Nomura Research Institute shares reach a new high for the year

Nomura Research Institute shares reach a new high for the year

Shares in Japan’s Nomura Research Institute reached a new high for the year on October 22, rising above their January peak.

The company provides research and IT services, and its shares had fallen amid fears that AI could replace software sold through subscriptions, a concern often called the “death of SaaS.”

Buying picked up after results from major US technology companies helped ease those concerns.

The shares briefly rose more than 5% to 6,310 yen, their highest level since January 13.

Investors also see rising demand for security services as a possible boost for the company.

Japanese IT companies NEC and Fujitsu were also approaching their own highs for the year.

The sources do not say what will happen to the shares next.

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