SoftBank Shares Surge on AI Hope and Sign of Stargate Progress

SoftBank Group Corp.'s shares experienced a significant surge, rising up to 8% on Tuesday. This boost in share price is attributed to the market's expectations that the tech investor will be able to capitalize on its long-standing focus on artificial intelligence (AI). The article suggests that SoftBank's emphasis on AI over the years has positioned the company to potentially benefit from the growing adoption and advancements in this technology. Investors appear to be optimistic about SoftBank's ability to leverage its AI expertise and investments to drive future growth and profitability. Additionally, the article mentions a "sign of Stargate progress," which may be a reference to SoftBank's reported work on a project called Stargate, though the details of this project are not elaborated upon. This potential development seems to have further contributed to the positive sentiment surrounding SoftBank's stock performance.