SoftBank CEO Masayoshi Son announced a strategic shift toward achieving Artificial Superintelligence (ASI) at the company's annual shareholder meeting.
Son predicted a significant valuation increase for Arm Holdings, citing its role as a critical CPU supplier for AI computing.
The CEO defended SoftBank's $2 billion investment in Intel Corp, stating the stake has already multiplied in value. Son characterized Intel as a national security asset that the U.S. must strengthen.
Arm shares rose nearly 4% in pre-market trading following the comments. Intel shares increased by 2% during the same period.