This is a quote from the article “Strength seen in Nikon Corp. Can its 8.2% jump turn into more strength?” published on Yahoo Finance a few days ago:
“Nikon Corp. NINOY shares rallied 8.2% in the last trading session to close at $10.03. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock’s 7.8% gain over the past four weeks. The increase in share price can be attributed to Intel’s plan to spend $20 billion on building its foundry business thereby driving demand for Nikon’s semiconductor production equipment. Moreover, recovery in semiconductor capital investments is expected to boost Nikon’s top-line growth in the near term.”
Nikon’s stock has been going up since the beginning of 2021:
