SoftBank Group Corp is on track for the best weekly gain since March 2020 as analysts and investors become more bullish on its potential as an artificial intelligence (AI) stock. The shares rose as much as 6% on Friday (June 2), and are poised for a jump of about 18% on the week. Jefferies provided the latest spark, upgrading SoftBank to buy from hold, saying it is a 'likely beneficiary' of the frenzy in recent stocks following Nvidia Corp's bullish sales forecast last month. Investor enthusiasm for all things AI in the wake of ChatGPT's launch late last year has driven huge gains in related stocks globally.

http://klse.i3investor.com/web/blog/detail/kianweiaritcles/2023-06-02-story-h-268824862-Now_seen_as_an_AI_stock_SoftBank_is_set_for_its_best_week_in_three_year

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