Investing.com– Shares of SoftBank Group () jumped on Thursday on optimism around the company’s artificial intelligence bets, including reports that OpenAI was preparing for a public listing and the confidential U.S. IPO filing of SoftBank-backed SB Energy.
Tokyo-listed SoftBank shares surged 20% to 6,039 yen as of 03:45 GMT, after sharp slides in recent sessions amid U.S. tech weakness.
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SB Energy, which develops power and data center infrastructure for AI projects, confidentially filed for a U.S. initial public offering this week, the company said.
OpenAI has partnered with OpenAI under the Stargate initiative to build next-generation AI and energy infrastructure in the United States.
Investor sentiment was also boosted by reports that OpenAI was accelerating preparations for a potential IPO later this year, amid surging demand for AI-related listings.
SoftBank posted record annual profit last week, driven largely by valuation gains tied to its OpenAI stake.
