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SoftBank Group Corp. (SFT.VI)
| Previous close | 49.35 |
| Open | 49.44 |
| Bid | 0.00 x 0 |
| Ask | 0.00 x 0 |
| Day's range | 49.44 - 49.44 |
| 52-week range | 33.63 - 56.90 |
| Volume | |
| Avg. volume | 0 |
| Market cap | 72.692B |
| Beta (5Y monthly) | 0.81 |
| PE ratio (TTM) | N/A |
| EPS (TTM) | -1.04 |
| Earnings date | 06 Aug 2024 - 12 Aug 2024 |
| Forward dividend & yield | 0.26 (0.53%) |
| Ex-dividend date | 27 Sept 2024 |
| 1y target est | N/A |
ReutersSoftBank's $184 billion portfolio key to beating AI rivals, says Vision Fund CFO
Japanese technology investor Softbank Group believes it has an advantage over smaller rivals because it can leverage its entire $183.6 billion portfolio to help it build an ecosystem of firms that can employ artificial intelligence, a top executive said on Monday. "Because of the size of our platform, we're able to bring those companies to see how they can utilise generative AI or LLMs (large language models)," Navneet Govil, chief financial officer (CFO) of SoftBank's Vision Fund investment arm, told Reuters in an interview. "When you have 477 portfolio companies you can facilitate synergies, which isn't possible if you're a smaller platform," he said.
- Yahoo Finance Video
New tariffs on Chinese EVs, Apple-OpenAI talks, Roaring Kitty's return: Morning Brief
On today's edition of The Morning Brief, Yahoo Finance's Seana Smith and Myles Udland cover everything from US-China economic relations to the latest moves in the artificial intelligence game. The market (^DJI, ^IXIC, ^GSPC) opened higher on Monday after all three major indexes closed last week in the green. Stocks are preparing for the Consumer Price Index's (CPI) inflation data expected on Wednesday as core CPI is projected to increase 3.6% year over year. In the latest move to develop domestic supply chains, President Biden is expected to announce new tariffs on Chinese electric vehicles this week, raising the rate to 102.5% from 27.5%, according to reports. SoftBank (SFTBY) posted a full-year profit in its Vision Fund for the first time since 2021, boosted by its investment in Arm (ARM) as the AI race heats up. SoftBank now has a 90% stake in Arm, accounting for almost half its entire portfolio. Apple (AAPL) is reportedly negotiating a deal with OpenAI to include ChatGPT on iPhones. ChatGPT is among the leading AI services, and as iPhone sales slumped last quarter, the partnership with OpenAI could be Apple's latest move to innovate the iPhone and increase sales. Lastly, GameStop (GME) shares are soaring following the return of "Roaring Kitty" to the social media platform X. Roaring Kitty played a critical role in GameStop's short squeeze back in 2021. This post was written by Melanie Riehl
BenzingaArm Holdings Gears Up for AI Foray with New Chip Division Launching Next Year
SoftBank Group subsidiary Arm Holdings Plc (NASDAQ:ARM) is developing artificial intelligence chips. The company plans to release its first products next year as part of CEO Masayoshi Son's $64 billion strategy to transform SoftBank into a significant AI powerhouse. Based in the U.K., Arm will establish a new AI chip division and aim to develop a prototype by spring 2025. Mass production through contract manufacturers will likely commence in the fall of 2025, Nikkei Asia reports. Arm, known for
