SoftBank surpassed Toyota on Monday to become Japan's largest company by market capitalization, propelled by AI demand and heavy exposure to OpenAI. SoftBank has rallied about 73% year-to-date and jumped over 8% on Monday to a record high after pledging up to €75 billion to build a large AI compute-cluster network in France; its market value exceeded 46 trillion yen (~$288bn). Toyota, which closed Friday with a market value just above 48 trillion yen, fell about 4.5% on Monday, dropping below 46

SoftBank surpassed Toyota on Monday to become Japan's largest company by market capitalization, propelled by AI demand and heavy exposure to OpenAI. SoftBank has rallied about 73% year-to-date and jumped over 8% on Monday to a record high after pledging up to €75 billion to build a large AI compute-cluster network in France; its market value exceeded 46 trillion yen (~$288bn). Toyota, which closed Friday with a market value just above 48 trillion yen, fell about 4.5% on Monday, dropping below 46 trillion yen.