TOKYO --Hitachi surpassed Sony Group in market capitalization for the first time in nearly nine years on Thursday as investors embraced its transformation into an artificial intelligence stock after more than a decade of restructuring.
Based on Thursday's closing prices, Hitachi had a market cap of 16.94 trillion yen ($105.45 billion), against Sony Group's 16.89 trillion yen. Hitachi now ranks fourth in market cap among Japanese companies, after Toyota Motor, Mitsubishi UFJ Financial Group and Keyence.
