Fueled by the relentless rally in the artificial intelligence (AI) sector across global stock markets, SoftBank Group’s stock price has surged, propelling the technology conglomerate’s market capitalization past Toyota Motor for the first time in over two decades. On Monday, SoftBank’s shares jumped more than 8%, reaching a record intraday high and valuing the company at JPY 46 trillion (approximately CNY 1.95 trillion). This milestone solidifies SoftBank’s position as the most valuable listed entity on the Tokyo Stock Exchange.

SoftBank’s ascent was further bolstered by its strategic acquisition of a British chip design company in 2016. The conglomerate retains approximately 90% ownership of the firm, whose stock price has doubled since early April, amplifying SoftBank’s market dominance. This development underscores the growing influence of AI-driven innovation on investor sentiment and corporate valuations in Japan’s evolving tech landscape.