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SoftBank Group hits daily limit up, renewing year-to-date high as positive AI chip-related news attracts sidelined funds

Thu May 7, 2026 1:17 pm JST Catalyst

SoftBank Group Corp. <9984> surged to 6,424 yen, hitting the daily limit up level, and renewed its year-to-date high. Positive news related to AI and semiconductors emerged during Japan's Golden Week holiday. Advanced Micro Devices , which announced strong earnings results, and South Korea's Samsung Electronics soared. In addition, reports indicated that Apple is conducting preliminary discussions to consider Intel and Samsung Electronics as manufacturing partners for key processors for its devices, sending Intel shares sharply higher. The Philadelphia Semiconductor Index (SOX) continued its upward trend near record highs. Arm Holdings , a subsidiary of SoftBank Group Corp., also reported January-March 2026 earnings results on the 6th that exceeded market expectations. Although Arm's stock showed volatile movements in after-hours trading, initially surging before reversing lower, investor appetite for AI semiconductor stocks has strengthened, and sidelined funds accumulated during the holiday period flowed in, pushing up SoftBank Group Corp.'s share price.

Source: MINKABU PRESS

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

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