Nomura and Daiwa CEOs flag risk that AI may spoil stock market rally

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 CEO 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…