SoftBank Group Corp. <9984> opened without an initial price due to massive buy orders, accelerating its upward momentum and briefly recovering above the 6,000 yen level. The stock surpassed its year-to-date high of 5,727 yen set on the 22nd of this week while still in indicative quote mode, entering new high territory. In the U.S. stock market, buying in the technology sector, particularly AI and semiconductor-related stocks, has been prominent, which is reflected in the outperformance of the Nasdaq Composite Index. Even more striking has been the rally in the Philadelphia Semiconductor Index (SOX Index), which is composed of semiconductor stocks. The index recorded 16 consecutive gains through the previous day, rising 39% during that period. It has recently climbed to 9,900, bringing the unprecedented 10,000 level into view.

SoftBank Group Corp., which holds a leading position in the large-scale AI infrastructure plan under the Trump administration, shows high correlation with U.S. AI and semiconductor-related stocks. Demand for the stock has been amplified by factors including short-covering by overseas investors with increased risk appetite. As of the application date of the 17th at the end of last week, margin trading data showed that while short positions increased, long positions declined sharply, with the latest margin trading ratio improving to the 5.8x level, serving as a tailwind for the stock's supply-demand dynamics. However, today the Nikkei average has been driven by speculative futures trading, and the company's stock has been forced into unstable price movements after the opening due to the impact of index-linked trading.

Source: MINKABU PRESS

*Translated by generative AI. Click here for the original article.