Tokyo-Listed SoftBank Shares Climb 13% After ABB Robotics Deal Boosts Outlook - ARM Holdings (NASDAQ:ARM), ABB (OTC:ABBNY)

Tokyo-listed shares of SoftBank Group (OTC:SFTBY) (OTC:SFTBF) jumped as much as 13% after the Japanese giant agreed to acquire Swiss engineering firm ABB‘s (OTC:ABBNY) Robotics unit in a deal valued at $5.4 billion. Its shares closed up 11.4% at JPY 22,965 on Thursday, amid expectations that the company would benefit from its series of bets on artificial intelligence, thanks to the ongoing boom in the rapidly evolving technology.SoftBank Touts ‘Physical AI’ FocusSoftBank’s CEO Masayoshi Son announced the de ...