Tech group NEC CEO pushes back on AI threat as company shares drop 20%

Japanese company to focus on overseas M&A over investment efficiency NEC is banking on strong earnings in the age of artificial intelligence. (Photo by Kazuho Fujiwara) TOKYO — Shares of Japanese technology group NEC are down nearly 20% from the end of last year — far underperforming the 30% gain of the benchmark Nikkei Average — amid worries that artificial intelligence could threaten conventional IT and software companies.

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