SoftBank in India, like in many other parts of the world, is known for its investment in budding startups in various technologically driven avenues. On Wednesday, January 22, the company shares soared in the equity markets in Tokyo.

SoftBank Shares On Rise After Trump's Announcement

The shares of the Japanese investment group rose after getting a much-needed boost from an unlikely source.

Donald J Trump, the newly sworn-in president of the United States after signing a flurry of executive orders on his first day, made some crucial investment announcements.

More specifically, investments worth a mammoth USD 500 billion will be poured into building artificial intelligence (AI) infrastructure.

USD 500 Billion Investment

SoftBank has a direct stake in it, as a new partnership involving Larry Ellison-led Oracle, Sam Altman-led OpenAI and SoftBank would be formulated.

To begin the project, these three businesses will invest USD 100 billion, and over the following five years, they will contribute an additional USD 500 billion.

This has led to investors seeing more promise in SoftBank's prospects. The company shares opened for the day's trade on Wednesday at JPY 9,713, much higher than the previous day's closing of USD 9,248 per piece.

Thereafter, the value of the stock has only consistently risen, even smashing past the milestone mark of JPY 10,000 per share.

The Musk Factor

Here, Sam Altman and OpenAI's inclusion comes at an interesting time. OpenAI and its chief Altman have been at loggerheads with Trump's closest ally and de facto 'lieutenant' Elon Musk. Both, apart from verbal spat online, have also been involved in litigations against each other.

Musk even moved the court against OpenAI and Altman over his decision to transform the AI company known for its ChatGPT chatbot to a for-profit company, from its previous status of a not-for-profit company.

SoftBank Group Corp

When we take a closer look at the shares of SoftBank, at the time of writing, the shares of SoftBank, continued to soar even after the lunch break at the Tokyo Exchange.

The surge stood at 9.59 per cent or JPY 887. This took the value of the stock to JPY 10,135 per share.