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SoftBank Group shares surged as growing hopes for a peace deal between Iran and the U.S. reignited enthusiasm for artificial-intelligence and chip stocks.
SoftBank Group shares surged 18% to their daily trading limit amid renewed AI stock enthusiasm.
KEY POINTS
- Expectations for U.S.-Iran peace talks boosted technology stocks by alleviating energy and supply concerns.
- Arm Holdings, SoftBank's chip-design unit, reported strong quarterly profits and high demand for new chips.
- Japanese chip stocks, including Kioxia and Ibiden, rallied significantly after a holiday catch-up with global peers.
COMPANIES
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