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What changedThe Sri Lanka Guardian reports that SoftBank shares gained 24% in four weeks, their first monthly rise in four months, as investors looked to the company’s AI bets. It links the rally to renewed optimism after OpenAI’s GPT-6 Astra launch, alongside SoftBank’s reported $65 billion commitment to OpenAI.
The article also says OpenAI plans to raise $30 billion at a $1.4 trillion valuation, and that a recovery in Arm shares helped SoftBank’s stock. SoftBank owns almost 90% of Arm, according to the report, which says Arm shares rose about 20% in September.
The rally has not carried across to credit markets: the Sri Lanka Guardian says SoftBank’s credit default swaps have risen to their highest level since 2023. It also reports that SoftBank raised $11.1 billion through a junk-bond sale last month to finance AI investments.
Sources and evidence- SoftBank Shares Rebound as Investors Focus on AI Bets Despite Rising Debt Costs – slguardian.org: The Sri Lanka Guardian reports that SoftBank shares gained 24% in four weeks amid optimism about AI investments, while its credit default swaps rose to their highest level since 2023; the publication also reports a $30 billion OpenAI fundraising plan at a $1.4 trillion valuation and SoftBank’s $11.1 billion junk-bond sale.
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