SoftBank Group Corp. shares surged to a record after it swung to a quarterly profit, an affirmation for Masayoshi Son’s bets on artificial intelligence players such as Nvidia Corp. Most Read from BloombergAll Hail the Humble Speed HumpThree Deaths Reported as NYC Legionnaires’ Outbreak SpreadsMayor Asked to Explain $1.

Shares in SoftBank Group jumped more than 13% to a record high on Friday morning in a show of investor support for the Japanese technology investor's AI push after first quarter profit beat expectations.