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SoftBank Group's stock price hits a new all-time high due to expectations of OpenAI going public
Earlier rapid gains led to profit-taking sell-offs in semiconductor-related stocks, with the Nikkei Average dropping by over 500 yen at one point.
As expectations for the US OpenAI going public surfaced, SoftBank Group (SBG) stock price surged rapidly, with the decline gradually narrowing.
Hopes for easing Middle East tensions also supported the stock price.
SoftBank Group's stock price repeatedly hit new all-time highs, and market attention to OpenAI's IPO continued to heat up.
Analysts pointed out that once OpenAI goes public, it will provide significant valuation upside for SoftBank, with many institutions raising their target stock prices.