From Dow Jones & Company:

SoftBank Group shares jump following a surge in U.S.-listed Arm Holdings stock. SoftBank Group shares rose 8.3% to 7,168 yen after Arm Holdings forecasted $850-900 million in sales for the current quarter, surpassing analyst expectations of $779 million. The company also raised its annual sales guidance to as much as $3.21 billion. Arm Holdings’ success is attributed to increasing AI investments and the growing demand for its chips in data centers. SoftBank Group is expected to report its first quarterly profit of Y247.25 billion ($1.67 billion) for the period ending Dec. 31, following four consecutive quarters of losses.



Read more: SoftBank shares jump after Arm’s stock surges on better guidance