SoftBank Group Reports ÂĨ2.5 Trillion Q2 Net Profit, Fueled by OpenAI Gains

SoftBank Group Reports ÂĨ2.5 Trillion Q2 Net Profit, Fueled by OpenAI Gains

â€ĒBy ADMIN
Related Stocks:SOBKY
Japan’s SoftBank Group revealed a robust second‑quarter net profit of ÂĨ2.5â€Ŋtrillion (≈â€ŊUSâ€Ŋ$16.6â€Ŋbillion), more than doubling year‑on‑year and far exceeding analysts’ expectations of around ÂĨ207â€Ŋbillion. The surge was largely driven by valuation gains in its stake in OpenAI, with the firm’s Vision Fund unit posting investment gains of ÂĨ3.5â€Ŋtrillion, of which ÂĨ2.16â€Ŋtrillion derived from OpenAI holdings. The results come amid a tech‑stock rally and swelling investor bets on generative‑AI infrastructure, although SoftBank's founder and CEO Masayoshi Son and other market watchers caution about a possible AI investment bubble. #SoftBank #OpenAI #AIinvesting #techprofits #SlimScan #GrowthStocks #CANSLIM

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SoftBank Group Reports ÂĨ2.5 Trillion Q2 Net Profit, Fueled by OpenAI Gains | SlimScan