Intel, SoftBank
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Cryptopolitan on MSNSoftBank’s $47B rally faces pause as charts signal overheated stock
SoftBank recently revealed plans to acquire a $2 billion (£1.5 billion) stake in Intel, driving the chipmaker’s shares up. However, Softbank’s stock dipped 5% on the same day. On the other hand, Intel’s stock rose by over 5% after-hours trading in New York on Monday.
Earlier this week, Foxconn Chairman Young Liu confirmed that SoftBank has acquired its Ohio plant to build new AI servers in the US. The transaction was
Japan's Nikkei share gauge powered to an all-time high on Tuesday, driven by sharp gains for tech companies and renewed optimism over trade with the United States.
SoftBank Group Corp.’s digital payment provider PayPay Corp. has confidentially filed a draft registration to debut on the US stock market in a deal that could mint Japan’s first $10 billion unicorn.
PayPay submitted the application on Aug. 14 to the U.S. Securities and Exchange Commission for listing on an unspecified exchange. Possibilities include the New York Stock Exchange and Nasdaq. SoftBank Group announced in May that it was preparing for an offering of shares in its payment service.