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SoftBank Shares Rise 24% on AI Bet Confidence

By Drooid · · How we work

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Story summary
  • SoftBank Group’s shares posted their first monthly gain in September.
  • Equity investors cited SoftBank’s AI bets as boosting confidence.
  • SoftBank stock rose 24% over four weeks after OpenAI’s $30 billion raise at a $1.4 trillion valuation.
  • Credit default swaps on SoftBank hit their highest level since 2023 amid AI safety and cost concerns.