90 Days
Source:
معلومات مباشر
Source: معلومات مباشر
90 Daysمعلومات مباشر
Source: معلومات مباشر
90 DaysReady to play
Ready to play
SoftBank Group of Japan recorded unprecedented profits during the first quarter of its fiscal year, significantly exceeding market expectations, thanks to gains from its investment in Intel and the appreciation of its stake in ByteDance. The company posted a net profit of approximately $2.2 billion, surpassing analysts’ forecasts, despite an 18% decline in profits compared to the same period last year. SoftBank achieved gains of 1.3 trillion yen from its stake in Intel, whose stock soared by about 400% over the year, leading to positive results in its private equity division. Additionally, Vision Funds invested in companies such as OpenAI and ByteDance, although profits from these investments decreased compared to the previous quarter, as earlier earnings were heavily supported by its investment in OpenAI. Despite its financial successes, SoftBank faces concerns about its ability to fund future investments, especially since its major holdings are concentrated in Arm and OpenAI, with its stock dropping 34% since June and substantial losses in the AI-powered computing sector due to rising research and development expenses. CEO Masayoshi Son emphasized that the AI revolution is much larger than the previous internet boom and marks the beginning of a broad technological revolution.
Notice: This Is an AI-Generated Summary
Comments (0)