Goldman Sachs says Japanese AI semiconductor stocks present buying opportunities, Intel raises capital expenditure
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Goldman Sachs has released a report stating that the recent sell-off in Japanese AI-related stocks provides a buying opportunity, and Intel has raised its 2026 capital expenditure outlook by about 3 billion USD. Intel’s increased spending on wafer manufacturing equipment will drive orders for Japanese equipment suppliers. Goldman Sachs lists Lasertec as its top pick, with a target price of 70,000 yen; Tokyo Electron's target price is 83,000 yen, with the current price at around 62,800 yen; Disco will benefit from Intel’s plan to expand EMIB-T advanced packaging capacity.
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