Fujikura Ltd., a Japanese cable maker, saw its stock surge over 400% in 2024, driven by demand for AI data center cables.

Fujikura Ltd., a 139-year-old Japanese cable maker, has become the top performer on the Nikkei 225 Stock Average index, with shares surging over 400% this year due to the global AI boom. The company's fiber optic cables are crucial for AI data centers, and it will join the MSCI global standard indexes on Nov. 25 as the sole addition from Japan. Fujikura is setting up a US production base to comply with the Build America, Buy America Act and avoid trade issues.

November 25, 2024
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