finance.yahoo.com

SoftBank Shares Jump 11.2% as OpenAI Funding Bet Fuels Asia AI Rally

SoftBank Group Corp. logoSoftBank Group Corp.
Sig3.25Sen+3.60Env0.00Soc0.00Gov0.00

SoftBank Group surged 11.22% Monday to $15.23, closing at the session high on nearly double average volume and outperforming the Nikkei’s roughly 2.1% gain. The rally comes as SoftBank pledged $30 billion in OpenAI’s February $110 billion funding round, valuing OpenAI at $730 billion. Shares also trade about 5.91% above a $14.38 value estimate.

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