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.

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

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…