AI's Disappointing Appetite for High Density Fiber Networks Fujikura Ltd. 's recent share price plunge serves as a stark reminder that the current AI gold rush is not all it's cracked up to be.
The company's underwhelming three year forecast has sent shockwaves through the market, with shares plummeting as much as 17% in a single trading session. At first glance, the numbers are staggering.
Fujikura's operating income target of ¥315 billion for fiscal year 2028 is significantly lower than analyst expectations of ¥455 billion.