SoftBank stock hits its first record high in 24 years — Arm and AI helped it get there

-SoftBank Group shares hit record high at 11,190.00 Japanese yen -Masayoshi Son, founder, aligning company to future in AI -Made bets on tech companies through Vision Fund -Losses in 2022, then shifted to "offense" mode in 2023 -Arm IPO success attributed to share price bump -Challenges in valuation and fair reflection of assets -Son's focus on AI, potential for increasing value -Focus on artificial super intelligence (ASI) -Discount in shares may narrow due to early AI investments - SoftBank stock hit a record high of 11,190.00 Japanese yen - Arm, a British chip designer in which SoftBank has a majority stake, contributed to the success - SoftBank's Vision Fund has shown better financial results recently - SoftBank's early investments in AI could reduce the discount on its stock - SoftBank CEO Masayoshi Son is focusing on AI for the company's future growth - SoftBank's stock gains are primarily attributed to the success of Arm - The company's stock has benefited from the IPO success of Arm, with shares up nearly 124% this year - Investors are not fully convinced by SoftBank's valuation and the company's share price does not reflect its fair value - SoftBank has been helped by a rise in Japanese stocks and its sale of Alibaba shares - Son envisions artificial super intelligence, which would be 10,000 times smarter than humans, as the future for SoftBank