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

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Softbank News

Masa Son,Masayoshi Son,Nvidia

Robert Hart is a senior reporter for Forbes covering science, technology and health with a frequent focus on artificial intelligence, space, weight loss drugs and emerging technologies. He joined Forbes in 2020 and is based in London. Rob has covered everything from the billionaire space race, the health impacts of overturning Roe v.

Biden Vs. Trump 2024 Election Polls: Biden Approval Rating Hits New Low—But Trump’s Lead Is Mostly Unchanged, Survey ShowsSoftBank shares climbed to an all-time high on Wednesday, a sign of renewed confidence in the storied tech firm amid booming investor interest in artificial intelligence after founder and CEO Masayoshi SonShares were trading at ¥10,705.00 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, 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 Claude.shareholders the company would be making a push into AI that would make earlier investments seem like a “warm up,” singling out AI chips, robotics, autonomous driving and data centers as key sectors for investment.

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