SoftBank Rockets 10% On Tokyo Exchange As Oracle's $455 Billion AI Stargate Deals Spark Investor Frenzy - SoftBank Group (OTC:SFTBF)

Group 1 - SoftBank Group Corp. shares increased by 9.98% to 17,905 JPY ($121.14), with a year-to-date gain of 93.90%, driven by investor optimism regarding its involvement in Oracle's AI infrastructure deals [1] - Oracle reported a remarkable $455 billion backlog in Remaining Performance Obligations (RPO), reflecting a 359% year-over-year increase, attributed to multi-billion-dollar contracts with AI companies [2] - The Stargate project, a collaboration between Oracle, OpenAI, and SoftBank, aims to establish extensive AI data centers in the U.S., requiring significant capital and cloud resources [3] Group 2 - Following Oracle's earnings report, analysts raised price targets significantly, with Piper Sandler increasing the target from $270 to $330 and Citizens JMP raising it to $342 [4] - Oracle's market capitalization reached $922.22 billion, making it the 12th most valuable public company globally, with a price-to-earnings ratio of 75.62 and a dividend yield of 0.61% [4]