SoftBank Group shares surged 16% in Tokyo after Nvidia's blowout earnings validated the AI infrastructure boom that Masayoshi Son is betting over $100B on.

SoftBank Group is closely tied to the AI boom through its stake in Arm Holdings, whose chip designs are used in AI servers and data centers powered by Nvidia systems.

The AI chipmaker’s shares fell 1.3 per cent in extended trading on May 20. Read more at straitstimes.com. Read more at straitstimes.com.