A three decade high for Japan's stock market and you guessed it

it's all to do with microchips.

Live from the BBC World Service.

This is the Marketplace Morning Report.

I'm Will Bain in for Leanna Byrne today.

Thanks as always for your company.

Yeah it appears US chipmaker invidious boss Jensen Huang is right. We're an AI tipping point and the

race for chips to power it is on all around the world.

After NVIDIA's astonishing financial results yesterday,

it was chip-related stocks on Tokyo's main Nick A index,

which drove the home of Japan's biggest firms, passed its all-time high after a

34-year wait.

The BBC's Nick Marsh has more.

In the very short term, the most immediate factor was the success of NVIDIA, the US Chip Company, the world's most valuable

chip company.

They announced record profits yesterday for last year and that's due to the massive demand

for AI which is really helping their business.

That sent NVIDIA's share price soaring and so the value of the stock market went up with it.

But then you've got longer term factors factors basically the Japanese yen

being very weak for a long time so when the yen is weak

it means Japanese goods are cheaper to buy from abroad

and exporters then have a good time and their share price goes up.

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