Softbank Stock Surge 3% After $100B AI Chip Project Reveal

The stock of SoftBank Group Corp. experienced a notable rise as founder Masayoshi Son explores the establishment of a groundbreaking $100 billion chip venture aimed at supplying AI-enabling semiconductors. Izanagi Chip Venture Shares in the Tokyo-based technology investor saw an increase of up to 3.2% following reports from Bloomberg News indicating the 66-year-old billionaires pursuit of funding for an AI chip venture, codenamed Izanagi. This venture is designed to compete with industry leader Nvidia Corp. It would serve as a strategic complement to Arm Holdings Plc, the chip design...

source: https://tokenpost.com/Softbank-Stock-Surge-3-After-100B-AI-Chip-Project-Reveal-11266

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