Softbank lost 99% when the dotcom bubble burst, now it’s all-in on AI
Softbank Group stocks reached an all-time-high on a market capitalization of $97.2 billion.
Softbank Group Corporation’s stock rose 1.5% to reach an all-time-high on Tuesday, July 2. The high mark comes just a few years after the company saw its shares plummet amid the closure of numerous high-profile tech startups, including WeWork, and a tech sector crackdown by the Chinese government.
Analysts have largely attributed the Japanese company’s recent uptick to its pivot toward artificial intelligence and the performance of its computing subsidiary Arm Holdings.
As Cointelegraph recently reported, company founder and chairman Masayoshi Son recently announced that Softbank would pursue greater involvement in artificial intelligence (AI) technologies.
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Author: Tristan Greene
