HomeAbout

TL;DR CNBC


SoftBank posts blowout quarterly gains at Vision Fund tech arm - TL;DR CNBC

SoftBank posts blowout quarterly gains at Vision Fund tech arm

Publishing timestamp: 2024-11-12 04:28:02


Summary

SoftBank's Vision Fund arm saw a steep increase in gains in the second fiscal quarter, attributed to valuation gains in various investments. The company is repositioning itself in the artificial intelligence sector and has seen an increase in net sales. Despite facing pressure from activist investors, SoftBank's Tokyo-listed shares are up roughly 50% year to date.


Sentiment: POSITIVE

Tickers: NVDA9984.T-JPARM

Keywords: breaking news: technologynvidia corpearningsarm holdings plctechnologysoftbank group corpbusiness news

Source: https://www.cnbc.com/2024/11/12/softbank-earnings-q2-2024.html


Developed by Leo Phan