🟢 SoftBank Group is trading 4.5% up today as Jefferies raises Arm price target on AI demand

SoftBank Group is trading 4.5% up at $17.87 as sentiment improves around its key holding, Arm, following a price target hike from Jefferies.

• Jefferies raised its price target for Arm, citing robust demand for AI chips and AGI CPUs.
• The stock is rebounding from a weak performance last week, supported by broader strength across the semiconductor and technology sectors.
• The move aligns with a risk-on market tone driven by continued investor focus on AI-related growth.