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Stock impact report

SoftBank Shares Hit Record High Amid Push Into AI And Computer Chips [Forbes]

SOFTBANK GRP UNSP/ADR (SFTBY) 
NASDAQ:AMEX Investor Relations: softbank.jp/en/corp/irinfo/presentations
Company Research Source: Forbes
artificial intelligence after founder and CEO Masayoshi Son to make aggressive moves in the sector and invest heavily in AI and chip companies. SoftBank Group CEO Masayoshi Son has said the company will bet big on AI and computer chips. SoftBank Group shares rose 1.5% during regular trading hours in Tokyo on Wednesday. Shares were trading at ¥10,705.00 (around $66) per share by market close, an all time high for the investment company. Part of SoftBank's climb can be attributed to the recovery of the Nikkei 225 benchmark index, Tomoaki Kawasaki, a senior analyst at IwaiCosmo Securities, Bloomberg. However, Kawasaki said the investment firm has also benefited from its growing reputation among investors as a “semiconductor-related stock.” Semiconductors, or computer chips, are vital for running and developing powerful generative AI software and the industry has grown explosively alongside booming interest in AI tools like OpenAI's ChatGPT, Google's Gemini and Anthropic's Cla Show less Read more
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