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SoftBank Shares Surge 19.8% on Nvidia Earnings and AI Momentum

SoftBank Group shares jumped 19.8% Thursday, adding approximately $35 billion to the company's market capitalization, reversing five consecutive days of declines. The surge followed blockbuster earnings from Nvidia, which signaled strong momentum in the artificial intelligence space.

The Japanese conglomerate's fortunes are closely tied to the AI boom through its stake in Arm Holdings, whose chip designs power AI servers and data centers using Nvidia systems, and its investments in OpenAI totaling more than $30 billion. Investment gains from OpenAI alone totaled $45 billion during the fiscal year ended March.

SoftBank's Vision Fund posted a $46 billion annual gain, driven largely by rising valuations in its artificial intelligence portfolio. Analysts at CreditSights maintained an outperform rating on SoftBank debt, noting the company's balance sheet has strengthened materially through recent market performance.