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00:03SoftBank shares surged over 16% on renewed optimism around a potential OpenAI listing,
00:09according to CNBC. The Japanese giant has invested more than $30 billion in OpenAI,
00:15with investment gains in the company totaling $45 billion in the year-ended March.
00:21The conglomerate is also tied to the AI boom through its stake in Arm Holdings,
00:25whose chip designs are used in AI servers and data centers powered by NVIDIA systems.
00:31Arm Holdings rose more than 15% in U.S. trading hours.
00:36Analysts at credit sites reiterated an outperformed recommendation on SoftBank group debt,
00:40noting that the rally in Arm Holdings' shares materially strengthened the conglomerate's balance sheet.
00:46The tech giant also announced an $80 billion share repurchase program and raised its dividend.
00:51For all things money, visit Benzinga.com.
00:55For all things money, visit Benzinga.com.
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