SoftBank Reports $7.7 Billion Profit Amid Vision Fund Gains

The tech giant's results exceed expectations, driven by successful investments and a strategic focus on AI.

SoftBank's Vision Fund 1 gained $3 billion, benefiting from increased valuations in companies like Coupang and Didi Global.
Vision Fund 2 experienced a $900 million gain this quarter, despite an overall loss of $21 billion since its inception.
The company is shifting focus towards AI investments, with recent moves including a $500 million stake in OpenAI.
SoftBank's profit marks a recovery from last year's $6 billion loss, attributed to macroeconomic tailwinds and strategic exits.
Recent IPOs, like the listing of Arm Holdings, have bolstered SoftBank's financial performance and future prospects.