5 Best Japanese Stocks to Buy Right Now

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1. Sony Group Corp (NYSE:SONY)

Market Capitalization: $116.85 Billion

Number of Hedge Fund Holders: 28

Sony Group Corp (NYSE:SONY) is one of the best Japanese stocks to buy right now. On April 17, Reuters reported that Sony Group Corp (NYSE:SONY) and its strategic partner, Honda Motor, are poised to pursue other opportunities as part of their 50-50 joint venture. The push comes weeks after the two canceled the development of the Afeela 1 electric vehicle as part of their 50-50 Sony Honda Mobility joint venture.

The joint venture came into being as part of an effort that sought to pair Honda’s engineering and manufacturing with Sony’s software and gaming capabilities. The ultimate goal was to team up and catch up with other electric vehicle rivals.

Sony and Honda have already opened discussions on the development of non-EV products and services as part of the new initiative. The companies are also confident they can find other applications for Afeela 1 technologies, such as an artificial intelligence assistant and an audio system.

On the other hand, Morgan Stanley has reiterated that artificial intelligence could cut video game development costs and unlock $22 billion in annual profits for game makers. Sony is one of the companies that would benefit from integrating AI into its gaming environment.

Sony Group Corp (NYSE:SONY) is a diversified global conglomerate focused on entertainment, technology, and services. Its core activities include gaming (PlayStation), music, motion pictures, television, professional media solutions, and consumer electronics, such as TVs, cameras, and audio devices.

 

While we acknowledge the potential of SONY to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than SONY and that has 100x upside potential, check out our report about the cheapest AI stock.

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