SoftBank shares surge on AI hope and sign of stargate progress

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The Tokyo-based company is the unnamed buyer of Foxconn Technology Group’s EV plant in Ohio and plans to incorporate the facility into SoftBank’s $500 billion Stargate data centre project with OpenAI and Oracle Corp., Bloomberg reported on Friday.

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By Bloomberg  August 12, 2025, 8:33:28 AM IST (Published)

SoftBank shares surge on AI hope and sign of stargate progress
SoftBank Group Corp.’s shares jumped as much as 8% on Tuesday on bets that the tech investor would be able to capitalise on its years-long focus on artificial intelligence.

The Tokyo-based company is the unnamed buyer of Foxconn Technology…



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SoftBank shares surge on AI hope and sign of stargate progress


The Tokyo-based company is the unnamed buyer of Foxconn Technology Group’s EV plant in Ohio and plans to incorporate the facility into SoftBank’s $500 billion Stargate data centre project with OpenAI and Oracle Corp., Bloomberg reported on Friday.

Profile image

By Bloomberg  August 12, 2025, 8:33:28 AM IST (Published)

SoftBank shares surge on AI hope and sign of stargate progress
SoftBank Group Corp.’s shares jumped as much as 8% on Tuesday on bets that the tech investor would be able to capitalise on its years-long focus on artificial intelligence.

The Tokyo-based company is the unnamed buyer of Foxconn Technology…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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