Part 8/14:
In addition to Broadcom, OpenAI announced a multi-billion-dollar deal with ARM to develop CPUs tailored for its custom silicon-powered servers. ARM, predominantly owned by SoftBank (about 90%), is central to this ecosystem, and SoftBank recently benefited from the market’s optimism—its stock rose 11% following the announcement, enhancing the company’s borrowing capacity.
However, SoftBank’s stock performance was mixed, with a notable 6% decline in Tokyo during the same period, reflecting investor caution. Some analysts posit that these moves might be justified if, as Rune indicates, the entire industry is on the cusp of a genuine, sustained expansion rather than a bubble.