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SoftBank shares soar on AI hopes

Japanese tech giant is seen driving development with its huge US investment

Masayoshi Son, SoftBank chairman, speaks at a press conference in London on July 18.

TOKYO -- Several factors have been boosting shares in Japan's SoftBank Group, including takeovers and high expectations for the tech company's U.S. telecom operations, but investors have been especially focused on one buzzword recently: artificial intelligence.

Since Softbank Chairman and CEO Masayoshi Son met with U.S. President-elect Donald Trump on Dec. 6, the company's stock price has risen 13%, hitting the 8,000 yen mark for the first time in two years on Wednesday.

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