Masayoshi Son Reclaims Asia’s Richest Title as SoftBank Overtakes Toyota to Become Japan’s Most Valuable Company
On June 2, Forbes’ Real-Time Billionaires List showed SoftBank’s founder and CEO, Masayoshi Son, surging past Indian tycoons Mukesh Ambani and Gautam Adani. With his net worth hitting $100.7 billion, Son is back on top of Asia’s wealthiest list for the first time in over a decade.
SoftBank’s stock jumped as much as 14.71% yesterday, pushing its market cap to 48 trillion yen (roughly $306 billion). That officially dethroned Toyota, which had held the #1 spot among Japanese listed companies for more than 20 years. By the time Tokyo’s markets closed today, SoftBank’s valuation had climbed even further to 49.30 trillion yen, leaving Toyota trailing at 44.92 trillion yen.
Tencent Stock Posts Its Best Single-Day Rally in Half a Decade
Shares of Tencent Holdings (00700.HK) caught a massive bid on June 2, closing up a whopping 10.46% at HK$481.6. That marks the biggest one-day gain since January 2021, sending the company’s market cap soaring to HK$4.39 trillion and firmly reestablishing its status as one of the undisputed heavyweights on the Hong Kong exchange.
What’s fueling the rally? Aggressive buybacks. Between May 18 and June 1, Tencent repurchased a total of 11.334 million shares across 10 straight trading days, shelling out HK$5.008 billion in the process. That averages out to about HK$500 million a day. Just on June 1 alone, they bought 1.148 million shares in the HK$430.4–441.8 range, spending HK$501 million. A few days earlier on May 28, they grabbed another 1.179 million shares between HK$420.4 and HK$431.2, also clearing the HK$500 million mark.
So far this year, Tencent has pulled the trigger on buybacks 28 times, snapping up 29.145 million shares and burning through HK$15.165 billion. These consistent repurchases do more than just retire shares to boost EPS; they’re also acting as a solid price floor while broader market sentiment stays a bit shaky.
Jensen Huang Backs SK Hynix’s High-Pay Strategy Amid Industry Pay Disputes
During a media meetup at GTC Taipei 2026 on June 2, Nvidia CEO Jensen Huang weighed in on the ongoing industry chatter around compensation disputes between SK Hynix and Samsung Electronics.
Huang’s take? Companies should “reward their employees as much as possible.” While he was quick to note that commenting on another firm’s payroll isn’t really his place, he did share his own playbook: “I always try my best to pay my people as much as I can. Though, I’ll be the first to admit, that doesn’t automatically mean it’s the ‘right’ approach for everyone.”
Unitree Addresses Nvidia Robot Partnership: New Model Hitting Shelves in H2
Nvidia CEO Jensen Huang recently dropped news of a fresh partnership with Unitree Robotics to roll out a next-gen humanoid robot reference design dubbed “H2+.” On June 2, a group of domestic and international journalists visited Unitree’s Hangzhou headquarters as part of the State Council Information Office’s “Foreign Media in China” tour. When pressed about the highly anticipated collaboration, a Unitree rep explained that the new H2+ leverages Nvidia’s computing platforms to deliver significantly better processing power than previous generations. The team confirmed the upgraded bot will officially debut sometime in the second half of this year.
Marvell Tech Surges Over 20% in Pre-Market After Huang Touts It as the Next $1 Trillion Company
It only took one comment from Nvidia’s CEO to send optical interconnect giant Marvell Technology (MRVL.US) soaring. As of this writing, Marvell was up more than 22% in pre-market trading on June 2, hitting $269.62 per share.
At Computex 2026, Marvell’s CEO Matt Murphy shared the stage with Huang to break down why “connectivity” is poised to trigger the next massive investment wave. Murphy didn’t mince words, calling Marvell the “undisputed leader in connectivity.” He added, “When we kicked off this journey, data center revenue made up less than 10% of our total. We bet the farm. Last quarter, that figure already hit 75% and it’s still climbing fast.”
Huang fully backed that vision, outright declaring Marvell as “the next trillion-dollar company.” He pointed out that the two firms are doubling down on their partnership to build out the critical networking and connectivity infrastructure needed to power the next wave of AI data centers.
Intel’s Lip-Bu Tan: CPU Demand Is Skyrocketing, CEOs Are Calling for More Supply
Speaking to reporters at Computex on June 2, Intel CEO Lip-Bu Tan highlighted a growing supply-demand gap. CPU demand is climbing fast, but production constraints are holding things back. “Over the past four weeks, I’ve had multiple CEOs from major companies call me directly asking for more chips. This is a real opportunity for Intel,” Tan noted. He also pointed out that Intel’s foundry business is making serious headway and is actively in talks with a growing list of potential clients.
Didi Reports a 13% YoY Jump in Q1 Ride Orders
On June 2, Didi published its Q1 2026 earnings report on its official website, and the numbers look solid. Core platform transaction volume kept climbing, rising 13% year-over-year to 4.802 billion orders. China’s mobility segment has now posted 13 consecutive quarters of steady growth, with daily orders hitting a fresh record of 39.4 million. Gross transaction value (GTV) grew 10% to RMB 85.8 billion. Meanwhile, the international business is showing serious momentum: order volume jumped 27% YoY to a daily average of 13.94 million, while GTV surged 60% to RMB 37.6 billion. Driven by this multi-pronged growth, Didi’s total Q1 GTV jumped 21% year-over-year to RMB 123.3 billion, with adjusted EBITDA turning a RMB 913 million profit.
Alphabet Eyes $80 Billion Fundraise to Supercharge AI Infrastructure
On June 1 (local time), Google’s parent company Alphabet announced plans to raise $80 billion through an equity offering, aiming to massively scale up its AI infrastructure. As part of the deal, Alphabet has already locked in an agreement with Berkshire Hathaway, which will pour $10 billion into the company via a private placement. Once the transaction closes, Berkshire’s stake in Alphabet will climb even higher, marking one of its single largest tech investments in nearly three years.
