Tech group NEC CEO pushes back on AI threat as company shares drop 20%
NEC is banking on strong earnings in the age of artificial intelligence. (Photo by Kazuho Fujiwara)TAKURO HOSODAJuly 23, 2026 04:52 JSTTOKYO -- Shares of Japanese technology group NEC are down nearly 20% from the end of last year -- far underperforming the 30% gain of the benchma
NEC is banking on strong earnings in the age of artificial intelligence. (Photo by Kazuho Fujiwara)TAKURO HOSODAJuly 23, 2026 04:52 JSTTOKYO -- Shares of Japanese technology group NEC are down nearly 20% from the end of last year -- far underperforming the 30% gain of the benchmark Nikkei Average -- amid worries that artificial intelligence could threaten conventional IT and software companies. TOKYO -- Shares of Japanese technology group NEC are down nearly 20% from the end of last year -- far underperforming the 30% gain of the benchmark Nikkei Average -- amid worries that artificial intelligence could threaten conventional IT and software companies.
TOKYO -- Shares of Japanese technology group NEC are down nearly 20% from the end of last year -- far underperforming the 30% gain of the benchmark Nikkei Average -- amid worries that artificial intelligence could threaten conventional IT and software companies. Read NextArtificial intelligenceNvidia cashes in on sovereign AI, setting sights on Japan for latest tie-upSemiconductorsAI-driven 'chipflation' puts chill on electronics purchasesArtificial intelligenceSoftBank's homegrown AI project pulls in top Japan manufacturersArtificial intelligenceHitachi teams with Anthropic on AI for rail and power gridsArtificial intelligenceNvidia not competing with clients on AI models: vice presidentArtificial intelligenceOpenAI chairman warns firms to evolve with the 'death of SaaS' or witherLatest on CompaniesCompaniesJapan's Inpex to test undersea CO2 storage near Tokyo in green steel pushCompaniesNippon Steel acquisition of U.S.
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