SoftBank shares surge 16% on Nvidia momentum. The Japanese conglomerate's stock jumped Thursday following blockbuster Nvidia earnings, adding over $35 billion to market capitalization. SoftBank's gains reflect strong confidence in artificial intelligence investments, particularly through its substantial stake in Arm Holdings and over $30 billion investment in OpenAI. The company reported $45 billion in OpenAI-related gains in its latest fiscal year. Arm Holdings shares climbed 15% in U.S. trading, strengthening SoftBank's balance sheet despite aggressive AI spending. The rally extended across Asia's semiconductor sector, with TSMC rising 2%, SK Hynix surging 11%, and Nvidia suppliers gaining significantly as markets price in sustained AI demand growth.
