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4d ago

SoftBank’s AI Push Fuels Back-to-Back Profits and Record Share Price

SoftBank’s Vision Fund posted a $4.8 billion valuation boost, underpinning its return to back-to-back profits with shares at record highs.

FILE - The logo of Japanese mobile provider SoftBank is seen at its shop in Tokyo on June 14, 2018. (AP Photo/Shuji Kajiyama, File)
SoftBank Corp's logo is pictured at a news conference in Tokyo, Japan, February 4, 2021. REUTERS/Kim Kyung-Hoon/File Photo
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Overview

  • SoftBank reported a net profit of 421.8 billion yen in the first quarter of fiscal 2025, marking its second straight profitable quarter after recording a 174.3 billion yen loss a year earlier.
  • Its Vision Fund delivered a $4.8 billion valuation gain and posted a segment profit of 451.4 billion yen, reversing last year’s quarterly loss.
  • Shares surged more than 13%, hitting a record 14,205 yen amid investor enthusiasm for SoftBank’s AI investments.
  • The company is leading a $40 billion funding round for OpenAI and awaiting regulatory clearance for its proposed $6.5 billion acquisition of Ampere Computing.
  • SoftBank is advancing its $500 billion Stargate AI infrastructure project in the United States and has increased its stake in Nvidia to over $3 billion.