Softbank stock forecast market strategists note SoftBank stock

Market strategists note SoftBank stock forecast momentum supported by yen weakness, which boosts overseas earnings when converted back to Japan, lifting consensus price targets by ¥200. The continued advance by the major averages reflected optimism about the artificial intelligence trade, which contributed to strength among tech stocks, especially Nvidia (NVDA) and Advanced Micro Devices (AMD). Stargate is a $500 billion joint venture between SoftBank, OpenAI, Oracle and MGX Fund Management in artificial intelligence infrastructure in the U.S. According to technical analysis, SoftBank stock forecast charts show an ascending channel since February, with RSI levels indicating sustainable upward momentum.