SoftBank Achieves $6.6 Billion Profit in Q4, Marking a Strategic Turnaround

The success of the Vision Fund and Arm's AI technology drive SoftBank's first profit in five quarters, signaling a strong return to growth.

SoftBank Group reports a significant turnaround with a $6.6 billion profit in the December quarter, marking its first profit in five quarters.
The profit surge is largely attributed to the success of its Vision Fund, which posted $4 billion in gains, the highest in nearly three years.
Arm's exceptional performance, with its share price soaring due to robust demand for its AI chip technology, played a crucial role in SoftBank's financial recovery.
SoftBank's strategic shift towards AI-focused investments, including a reduction in its Alibaba stake, reflects its confidence in AI's transformative potential.
Despite past challenges, including losses from investments like WeWork, SoftBank's recent success signals a positive outlook for its tech investment strategy.