SoftBank shares jump after Arm's stock surges on better guidance

SoftBank Group shares rose sharply after U.S.-listed shares of chip-designer unit Arm Holdings surged overnight following a better-than anticipated outlook.Shares of SoftBank Group 9984, +9.07% were recently 8.3% higher at 7,168 yen after rising as much as 9.6% earlier Thursday morning.The British chip designer’s stock ARM, +5.52% climbed by 20% in after-hours trading, following the company’s forecast of $850 million to $900 million of sales in its current quarter. That beat forecasts of $779 million in a F ...