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00:03SoftBank shares rose over 12% Friday, extending their rally to a second day following a boost
00:09to AI-linked stocks from NVIDIA's strong earnings, according to CNBC.
00:14Shares closed 20% higher on Thursday, adding over $35 billion to its market cap.
00:20The surge is being driven in part by a sharp rise in Arm holdings,
00:24in which SoftBank holds a majority stake.
00:27Arm shares advanced over 16% overnight after gaining more than 15% in the prior session.
00:33NVIDIA's blockbuster earnings also boosted optimism around AI infrastructure spending.
00:38UBP senior equity advisor Vey Cern Ling told CNBC the rally reflects moves in SoftBank's
00:44stakeholdings, including Arm and OpenAI ahead of a potential IPO.
00:49SoftBank has invested more than $30 billion in OpenAI and booked roughly $45 billion
00:54in related gains in the fiscal year ended March.
00:57For all things money, visit Benzinga.com.
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