SoftBank Group overtook Toyota Motor as Japan's most valuable company for the first time in over 20 years. SoftBank's shares surged more than 13% on Monday.
The company's market capitalization reached approximately ¥48.8 trillion ($305 billion). Toyota’s valuation fell to around ¥45.9 trillion ($288 billion) as its share price declined.
Investor enthusiasm for artificial intelligence drove the rally. SoftBank’s value rose significantly due to its stake in chip designer Arm Holdings.
The firm also maintains investments in AI leaders like OpenAI. This reshuffling highlights a market shift toward technology companies over traditional industrial giants.