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SoftBank Group shares at 20-year high on buybacks, Nvidia-Arm deal

SoftBank rose for the eighth day in a row to finish at 6,955 yen, the highest since March of 2000

Softbank
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Photo: Reuters

Pavel Alpeyev | Bloomberg Beijing
SoftBank Group shares climbed to their highest in two decades, a sign founder Masayoshi Son is recovering from a rocky year marked by setbacks from the coronavirus and losses at startups such as WeWork.

SoftBank rose for the eighth day in a row to finish at 6,955 yen, the highest since March of 2000. The stock had breached 6,900 yen in August before revelations that Son had begun trading options on tech stocks, a potentially risky endeavor that spooked some investors.

After a record fall in its share price in March, SoftBank unveiled plans to offload 4.5 trillion yen ($42.6 billion) in

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