TOKYO : SoftBank Group Corp shares jumped 5 per cent in early Friday trade as the technology investor - which is preparing an initial public offering of chip designer Arm - was caught up in a frenzy for semiconductor and artificial intelligence-related stocks.The Japanese conglomerate, which has been hit
TOKYO : SoftBank Group Corp shares jumped 5 per cent in early Friday trade as the technology investor - which is preparing an initial public offering of chip designer Arm - was caught up in a frenzy for semiconductor and artificial intelligence-related stocks.
Still, they are up only 6.4 per cent year-to-date, compared with 172 per cent for U.S. chipmaker Nvidia Corp - an expected beneficiary of investment in AI - and 39 per cent in the Philadelphia SE Semiconductor Index."We expressed a view that SBG stock will rally ahead of the ARM IPO later in the year...
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