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Panasonic Targets Further AI Growth to Build on Record Valuation

Panasonic Targets Further AI Growth to Build on Record Valuation
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Panasonic Targets Further AI Growth to Build on Record Valuation Panasonic Holdings Corp., the Japanese electronics conglomerate, is attracting renewed investor attention as a beneficiary of the artificial-intelligence boom. Demand for products that support AI infrastructure, including electronic components, circuit-board materials and storage batteries used in servers, has helped to more than double the company’s stock this year, giving it a record valuation of ¥11.5 trillion ($71 billion).

Panasonic Targets Further AI Growth to Build on Record Valuation Panasonic Holdings Corp., the Japanese electronics conglomerate, is attracting renewed investor attention as a beneficiary of the artificial-intelligence boom. Demand for products that support AI infrastructure, including electronic components, circuit-board materials and storage batteries used in servers, has helped to more than double the company’s stock this year, giving it a record valuation of ¥11.5 trillion ($71 billion).
Panasonic (ORG) Panasonic Holdings Corp. (ORG) Japanese (ORG)
Originally published by Bloomberg Technology Read original →