Shares of DigitalBridge Group (NYSE:DBRG) surged 39.9% on reports of SoftBank Group’s advanced talks to acquire the digital infrastructure investment firm. SoftBank aims to capitalize on the demand for technology supporting AI applications. No final agreement has been reached yet. DigitalBridge’s shares are highly volatile, with 23 moves greater than 5% in the last year. The recent big move followed the announcement of the sale of its Nordic asset. The stock is up 25% since the beginning of the year, reaching a new 52-week high. Investors who bought $1,000 worth of DigitalBridge shares 5 years ago would now have $732.72.

Read more at Stockstory.org – Seeking Alpha: Why Is DigitalBridge (DBRG) Stock Soaring Today