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

Group 1 - SoftBank Group's shares rose by as much as 13% after announcing the acquisition of ABB's Robotics unit for $5.4 billion, closing up 11.4% at JPY 22,965 [1] - The acquisition aligns with SoftBank's strategy to focus on "Physical AI," as stated by CEO Masayoshi Son, amidst significant investments in AI technology [2] - SoftBank's involvement in AI includes ownership of chip designer Arm and a substantial stake in OpenAI, the creator of ChatGPT [2] Group 2 - In September, SoftBank, OpenAI, and Oracle Corp announced a $500 billion Stargate project aimed at advancing AI technology [3] - A partnership with Intel Corp was established in June to launch a $70 million AI memory project in Japan, targeting energy challenges in the data center sector [3] - The rise in SoftBank's shares contributed to a broader rebound in Japanese AI-related stocks, with the Nikkei 225 Index increasing by 1.7% [4]