SoftBank Group shares rebounded on the Tokyo Stock Exchange on June 18. The rally ended a three-day losing streak for the investment firm.
The stock surged more than 5% from its previous close during intraday trading. Subsidiary Arm Holdings drove the gains after reaching a record high in the U.S. market the previous day.
Bernstein recently raised its price target for SoftBank. Analysts cited growing demand for server CPUs linked to advancements in agentic AI as a primary driver for Arm.
The positive performance of Arm and other semiconductor-related stocks contributed to broader market gains.