Financiers watching the vertigo-inducing rise– and this week’s fall– of innovation stocks are buzzing about a single trade, a giant however shadowy bet on Silicon Valley big enough to pull the marketplace up with it.
The investor behind that trade, according to individuals familiar with the matter, is Japan’s SoftBank Group Corp., which purchased choices connected to around $50 billion worth of private tech stocks. Investors and experts, aware of the activity but in the dark as to who is behind it, say it has turbocharged the tech sector, whose …
%%.
source https://jobsearchtips.net/softbanks-bet-on-tech-giants-fueled-powerful-market-rally-2/
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