Why SoftBank stock could skyrocket amid Nvidia AI deal
SoftBank(SOBKY) Finbold·2024-11-13 19:42
Japan’s SoftBank Group Corp. (OTCMKTS: SFTBY) has had a tumultuous year thus far. Although the investment company’s stock is up 43.22% on a year-to-date (YTD) basis at press time, worries surrounding high levels of AI spending have sent SFTBY shares down by double digits on two separate occasions since the beginning of 2024.SoftBank stock price YTD chart. Source: Google FinanceSince those downward moves, the stock has largely stabilized on account of share buyback programs and several successful initial pub ...