SoftBank Group Corp shares jumped as much as 14.71% in Tokyo trading on Friday. This rally followed stronger-than-expected earnings reports from U.S. tech giants Microsoft and Amazon.
The positive results reignited investor confidence in the artificial intelligence sector after a recent sell-off. SoftBank benefited significantly as a major AI investor and owner of chip designer Arm.
Investors returned to semiconductor and AI-linked companies during the broader market rally. Japan’s Nikkei 225 index climbed 4% during the session. SoftBank served as a primary driver of these gains.