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 prepared to pursue other opportunities as part of their 50-50 joint venture. The push comes weeks after the two called off development of the Afeela 1 electric vehicle as part of their 50-50 Sony Honda Mobility joint venture.
The joint venture emerged as part of an effort that sought to combine Honda’s engineering and manufacturing with Sony’s software and gaming capabilities. The ultimate goal was to team up and catch up with other EV rivals.
Sony and Honda have already begun talks about developing non-EV products and services as part of the new initiative. The companies are also confident they can find other applications for Afeela 1’s technologies, such as an artificial intelligence assistant and an audio system.
On the other hand, Morgan Stanley has reiterated that artificial intelligence could reduce 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, movies, television, professional media solutions and consumer electronics such as televisions, cameras and audio devices.
While we recognize SONY’s potential as an investment, we believe certain AI stocks offer greater growth potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that’s also benefiting significantly from Trump-era tariffs and the offshoring trend, check out our free report on best short-term AI stock.
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