--- title: "SoftBank jumps 10% as Asia tech stocks track Wall Street AI rally" type: "News" locale: "en" url: "https://longbridge.com/en/news/294892691.md" description: "Asian tech stocks rallied, led by SoftBank's 10% surge, following a record-setting Wall Street session driven by AI optimism and strong earnings. Key gains were seen in chipmakers like Tokyo Electron, Advantest, Kioxia, SK Hynix, and Samsung. The rally was fueled by easing oil prices and hopes for a Strait of Hormuz deal, reinforcing bullish sentiment for Asian AI-related names." datetime: "2026-08-05T01:13:34.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/294892691.md) - [en](https://longbridge.com/en/news/294892691.md) - [zh-HK](https://longbridge.com/zh-HK/news/294892691.md) generator: "portal-rs" --- # SoftBank jumps 10% as Asia tech stocks track Wall Street AI rally CANADA - 2025/08/07: In this photo illustration, the SoftBank Group (Soft Bank) logo is seen displayed on a smartphone screen. (Photo Illustration by Thomas Fuller/SOPA Images/LightRocket via Getty Images) Sopa Images | Lightrocket | Getty Images Asian technology stocks surged Wednesday after a strong Wall Street rally overnight that saw robust corporate earnings and easing oil prices push major U.S. indexes to fresh records. Shares of SoftBank Group surged more than 10%, while chip equipment maker Tokyo Electron added 3.64%. Advantest jumped 7%, and Japanese memory chipmaker Kioxia rose 6.34%. In South Korea, SK Hynix jumped 6.9%, while Samsung Electronics gained over 4%. Seoul Semiconductor popped 7.6%. Tech stocks have been seeing heightened volatility, with South Korea's semiconductor-heavy market whipsawing between steep losses and record gains in recent sessions. Ortus Advisors' strategist Andrew Jackson said in a note on Wednesday the latest rally in U.S. semiconductor stocks reinforced the bullish outlook for Asian AI names, pointing to a surge in chipmakers and infrastructure suppliers overnight. Jackson expects SoftBank to further extend gains after Arm Holdings, its majority-owned chip design subsidiary, jumped overnight on optimism over higher AI-related data center royalties and CPU development plans. U.S. stocks had a banner day Tuesday, with the S&P 500 and Dow Jones Industrial Average scaling fresh record highs, thanks to strong earnings and another decline in oil prices driven by hopes that the Strait of Hormuz could soon reopen. The Nasdaq Composite popped 2.59% to close at 26,584.99, as Palantir Technologies rallied over 29%. U.S. Treasury Secretary Scott Bessent said Washington and Tehran could reach a deal within days to reopen the Strait of Hormuz, easing concerns over global energy supplies. Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news. ### Related Stocks - [SKHY.US](https://longbridge.com/en/quote/SKHY.US.md) - [SFTBY.US](https://longbridge.com/en/quote/SFTBY.US.md) - [07709.HK](https://longbridge.com/en/quote/07709.HK.md) - [9984.JP](https://longbridge.com/en/quote/9984.JP.md) - [8035.JP](https://longbridge.com/en/quote/8035.JP.md) - [6857.JP](https://longbridge.com/en/quote/6857.JP.md) - [03121.HK](https://longbridge.com/en/quote/03121.HK.md) - [TOELY.US](https://longbridge.com/en/quote/TOELY.US.md) - [SSNGY.US](https://longbridge.com/en/quote/SSNGY.US.md) - [ARM.US](https://longbridge.com/en/quote/ARM.US.md) - [.SPX.US](https://longbridge.com/en/quote/.SPX.US.md) - [.DJI.US](https://longbridge.com/en/quote/.DJI.US.md) - [.IXIC.US](https://longbridge.com/en/quote/.IXIC.US.md) - [PLTR.US](https://longbridge.com/en/quote/PLTR.US.md) - [SMSN.UK](https://longbridge.com/en/quote/SMSN.UK.md) ## Related News & Research - [SoftBank CISO Iida says sovereign AI push aims to keep customer data within Japan](https://longbridge.com/en/news/296442282.md) - [South Korea's SK Hynix weighs Japan chip plant, multi-trillion won investment: report](https://longbridge.com/en/news/296553474.md) - [Tranchi AI Launches an Always-On AI Acquisition Employee for Real Estate Investors](https://longbridge.com/en/news/296524606.md) - [Samsung unveils plan to return up to US$79 billion to shareholders](https://longbridge.com/en/news/296615008.md) - [Kakao to spin off chat app-based platform business into KakaoAI, relist in 2027](https://longbridge.com/en/news/296558074.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**