AI Demand Strains Japan Cable Firm Fujikura After Stock Surge

Fujikura Ltd.’s stock has surged about 1,400% over the last two years as new data centers globally have created an insatiable appetite for its cables. There’s only one problem — the company can’t keep up with demand.

The Japanese cable maker is in talks for additional rounds of investment as further capital expenditure will be “necessary” to keep up with AI-related demand, Chief Executive Officer Naoki Okada said in an interview this week. The new investment will likely be announced in its medium-term plan in May, he said.