SoftBank shares surge 19.8% following Nvidia's strong earnings report showing $81.62 billion revenue

SoftBank Group shares rose 19.8%, reversing five consecutive losing sessions and adding about $35 billion to the company's market value, following Nvidia's earnings announcement.

Nvidia reported revenue up 85% from a year earlier to $81.62 billion, reinforcing investor confidence in AI-linked companies. SoftBank has positioned itself as a major AI proxy through its stake in Arm Holdings and large investment in OpenAI, having invested more than $30 billion in OpenAI with gains totaling about $45 billion in the fiscal year ended March.

The rally extended to other Asian chip stocks including TSMC, Renesas, Tokyo Electron, SK Hynix, and Samsung Electronics, demonstrating how closely SoftBank's valuation is now tied to AI sentiment.