TIER IV outperforms peers, boosted by autonomous driving demand and TOPIX inclusion speculation
TIER IV, Inc. <593A> reversed early losses to surge in afternoon trading, extending its record high for a second straight session.
Reports emerged in late August that TOYOTA MOTOR CORPORATION <7203> plans to launch passenger vehicles equipped with a Level 2++ autonomous driving system - enabling hands-free urban driving - by 2028, sparking broad buying interest in autonomous driving stocks. TIER IV, developer of the Autoware autonomous driving software, is seen as a key beneficiary.
Having debuted on the Growth Market on July 22 as a recent IPO, the stock carries little overhang from existing shareholders, with high price flexibility attracting day traders. Momentum accelerated further after a major domestic brokerage named TIER IV as a candidate for TOPIX inclusion among Growth Market stocks, fueling the rally.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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