
SoftBank Group Reports ÂĨ2.5 Trillion Q2 Net Profit, Fueled by OpenAI Gains
âĒBy ADMIN
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Japanâs SoftBank Group revealed a robust secondâquarter net profit of ÂĨ2.5âŊtrillion (ââŊUSâŊ$16.6âŊbillion), more than doubling yearâonâyear and far exceeding analystsâ expectations of around ÂĨ207âŊbillion. The surge was largely driven by valuation gains in its stake in OpenAI, with the firmâs Vision Fund unit posting investment gains of ÂĨ3.5âŊtrillion, of which ÂĨ2.16âŊtrillion derived from OpenAI holdings. The results come amid a techâstock rally and swelling investor bets on generativeâAI infrastructure, although SoftBank's founder and CEO Masayoshi Son and other market watchers caution about a possible AI investment bubble.
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