Nomura, Daiwa CEOs Flag Risk AI May Spoil Stock Market Rally

Markets Contact us:Provide news feedback or report an error Confidential tip?Send a tip to our reporters Site feedback:Take our Survey By Takashi Nakamichi and Taiga Uranaka October 8, 2026 at 6:55 AM UTC Takeaways by Bloomberg AI Japan’s two largest securities firms expect the country’s stock market rally to extend well into 2027, even as a potential reversal in artificial intelligence investment looms as the primary threat. “Markets, stock prices and corporate earnings are all being driven very strongly by investment in AI,” Nomura Holdings Inc. Chief Executive Officer Kentaro Okuda said at a Nikkei event in Tokyo on Thursday. “If sentiment toward AI were to shift and that trend went into reverse, I think that could pose a significant risk.”