
SoftBank shares jump 8% on AI momentum and Stargate progress
SoftBank Group’s stock surged 8% as investors responded to signs of progress in its Stargate project and renewed confidence in its AI-focused strategy. CEO Masayoshi Son has positioned SoftBank as a key investor in artificial intelligence, following a string of setbacks and the failed Arm-Nvidia deal. The company’s Vision Fund posted a profit in the latest quarter after consecutive losses, signaling a potential turnaround.
SoftBank’s rebound reflects renewed industry confidence in AI-driven investment strategies.