Softbank Group Corporation's stock surged by 1.5% to hit a record high on July 2. This milestone follows a period of decline due to the closure of tech startups like WeWork and a Chinese tech sector crackdown. The recent uptick is attributed to the company's shift towards artificial intelligence and the success of its computing subsidiary, Arm Holdings. Founder Masayoshi Son's announcement of a focus on AI caused a brief drop in shares, but they quickly rebounded. Concerns linger about the generative AI market potentially being a bubble. Despite past setbacks during the dotcom bubble, Softbank's current AI strategy has paid off, attracting investor interest. While the tech market's future is uncertain, Softbank's resilience and strategic shift towards AI have propelled its stocks to new heights. Read more AI-generated news on: https://app.chaingpt.org/news