Reported 2 days ago
SoftBank Group's shares soared over 13% to a record high following better-than-expected first quarter profits, bolstered by substantial investments in AI, including $30 billion into OpenAI. The company reported a net profit of 421.8 billion yen for April-June, reversing losses from the previous year. This surge also positively impacted Japan's Topix index, with SoftBank's strong performance providing relief to investors after a prolonged discount on its asset value.
Source: YAHOO