SoftBank shares jump 20% after Nvidia AI earnings
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- SoftBank Group shares rose 19.8% on Thursday, adding about $35 billion to its market cap after five consecutive days of decline.
- SoftBank posted a $46 billion annual gain at its Vision Fund, driven largely by a $45 billion valuation increase in its OpenAI investment for the fiscal year ending March.
- Nvidia reported an 85% year‑over‑year revenue jump to $81.62 billion and launched an $80 billion share‑repurchase program and dividend hike.
- Arm Holdings stock climbed over 15% in U.S. trading, boosting SoftBank’s balance sheet as AI‑related chip demand spikes.
- SK Hynix shares surged more than 8% as Nvidia’s AI demand lifts memory chip prices, while peers TSMC and Renesas also posted gains.
Why it matters: SoftBank’s 20% share jump boosts its market cap by $35 bn, strengthening its balance sheet and funding further AI bets; AI‑related chip makers also gain as Nvidia’s earnings lift the supply chain.
