The logo of Japanese company SoftBank Group is seen outside the company’s headquarters in Tokyo on January 22, 2025.
Kazuhiro Nogi | Afp | Getty Images
SoftBank Group shares extended their scorching rally to a second day, rising over 12% Friday, and building on momentum after Nvidia’s blockbuster earnings boosted AI-linked stocks.
The company’s shares had closed 20% higher Thursday, adding over $35 billion to its market cap.
Softbank rally is also being powered by a sharp rise in Arm Holdings, in which the Japanese company holds a majority stake. Arm shares advanced over 16% overnight, after gaining more than 15% in the prior session.
Nvidia recent results have reinforced optimism around continued spending on AI infrastructure and data centers.
The potential OpenAI listing is also driving investors to SoftBank that has invested heavily into the ChatGPT maker, with the IPO set to unlock substantial value for SoftBank.
The company has emerged as one of OpenAI’s largest backers, investing more than $30 billion into OpenAI and booking roughly $45 billion in related gains in the fiscal year ended March.
Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.SoftBank extends scorching rally, surging over 12%, as investors crowd into AI trade NYT News Today.
Hence then, the article about softbank extends scorching rally surging over 12 as investors crowd into ai trade was published today ( ) and is available on NY Times News ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details
Finally We wish PressBee provided you with enough information of ( SoftBank extends scorching rally, surging over 12%, as investors crowd into AI trade )
Also on site :
- 2026 ASCO Abstract Highlights: Innovent Biologics' IBI363 (PD-1/IL-2α-bias bispecific fusion protein) Demonstrates Robust Survival Benefits in Long-Term Follow-up of PoC Study in Advanced Immunotherapy-Resistant Non-Small Cell Lung Cancer
- Javier Bardem, Mark Ruffalo, Walter Salles, Isabel Coixet, Annemarie Jacir & Yorgos Lanthimos Sign Anti-Bolloré Letter As Signatures Swell To 3.5K
- One of the Most Anticipated Romantasy Books of 2026 Doesn’t Even Have a Title Yet — But Being on the List Isn’t Surprising!