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Benzinga
Benzinga
Business
Kaustubh Bagalkote

SoftBank Stock Surges 10% After Exec Teases $12 Billion OpenAI Windfall — But $500 Billion 'Stargate' AI Project Pitched To Trump Hits Snags

OpenAI SoftBank Stargate Yoshimitsu Goto SoftBank Group Corp United States Artificial Intelligence Los Angeles Tokyo Vision Fund
Softbank,Sign,At,Softbank,Vision,Fund,Headquarters,In,Silicon,Valley.

SoftBank Group Corp. (OTC:SFTBY) (OTC:SFTBF) shares surged 10.47% to JPY 13,875 ($94.11) on Friday on the Tokyo exchange following the company’s first quarter of 2026 earnings call, where executives highlighted massive gains from artificial intelligence investments while acknowledging delays in the ambitious Stargate data center project.

Vision Fund Recovery Drives Strong Quarter

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