TradingKey – During the Asian trading session on May 25, SoftBank Group closed up 4.63% at 7,070 yen, extending last week’s strong momentum. The stock surged 19.84% and 11.9% last Thursday and Friday, respectively, for a cumulative three-day gain of approximately 40%.
This rally is primarily driven by three factors: Nvidia’s earnings report ( NVDA) boosting Arm ( ARM) share price, mounting expectations for an OpenAI IPO, and SoftBank’s own earnings beating estimates. The market’s primary focus now is how much more upside remains for this rally driven by Arm and OpenAI.
[SoftBank stock price trend, Source: TradingView]
ARM and OpenAI, two core assets, account for nearly 70% of the valuation.
According to Morningstar estimates, based on the…
