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SoftBank shares jump over 12% following strong gains in Arm Holdings and AI sector optimism

Market News
21 May 2026
CNBC
View Source
Bullish
pluang ai news

SoftBank Group shares surged more than 12% on Friday, continuing a rally fueled by a 20% gain the previous day. The rise follows a sharp increase in Arm Holdings shares, a company in which SoftBank holds a majority stake, which gained over 16% overnight. This momentum is driven by strong AI sector performance after Nvidia's impressive earnings and optimism around AI infrastructure spending. Additionally, SoftBank's heavy investment in OpenAI, including over $30 billion invested and $45 billion in gains, is attracting investor interest ahead of OpenAI's potential IPO, which could unlock significant value for SoftBank.

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