News on Medial

SoftBank trades above record-high close in win for Masayoshi Son

Economic Times · 11m

SoftBank Group Corp. shares have reached their highest closing price in three years, driven by a global surge in AI and chip investment. The Japanese tech investor is gaining attention for its telecom arm's aggressive investment in generative AI, partnering with Microsoft and startup Perplexity AI. SoftBank's chip unit, Arm Holdings, is also placing emphasis on energy conservation in AI devices. The company's close ties with Nvidia and OpenAI have strengthened its position in the AI infrastructure race. SoftBank shares, which have had a volatile history, experienced a plunge in 2021 due to various factors including investments in troubled startups.