By Eliot Brown
It's been a good few weeks for SoftBank.
Shares in the global tech investor are up 58% over the past month, including an 8.5% jump in Tokyo trading today.
The surge signals renewed optimism for the company's AI ambitions, and perhaps its plans in the chip manufacturing space.
SoftBank, a conglomerate that is one of the world's largest investors in startups, has become something of a proxy for investor interest in OpenAI. That's because it has invested more than anyone else in the company, committing to put over $64 billion into OpenAI-including a $30 billion slug announced in February.
On Tuesday, Softbank elevated Rene Haas-CEO of chip company Arm, a SoftBank subsidiary-giving him a remit "focused on semiconductors and artificial intelligence."
Previously, investor concerns over SoftBank's reliance on OpenAI-as well as its rising tab of debt-contributed to a rough patch for the company after October highs, when shares plunged and ratings company S&P assigned it a negative outlook on concerns about its growing debt load.
Since then, SoftBank has forged ahead in new areas, pledging to expand Arm's business in the chip sector and winning a leading role in developing a giant new gas power plant in Ohio.
This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).
(END) Dow Jones Newswires
April 22, 2026 06:52 ET (10:52 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
Comments