SoftBank's Masayoshi Son Readies For 'Next Big' Investment Move After Setback From Alibaba, WeWork: 'Without Fear Of...Hit Or Miss'
Portfolio Pulse from Benzinga Neuro
SoftBank's Masayoshi Son announced plans for a significant investment in artificial intelligence (AI), despite past setbacks with Alibaba and WeWork. The company is pivoting towards semiconductors and AI, with plans to expand its renewable power generation business in the US. SoftBank's Vision Fund has reduced its U.S.-listed portfolio by nearly $29 billion, and Son is seeking up to $100 billion for a chip venture to rival Nvidia.
June 20, 2024 | 7:26 am
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Qualcomm's stock surged due to a partnership with Samsung for the Galaxy S25, indicating strong growth potential in the semiconductor market.
The partnership with Samsung for the Galaxy S25 suggests increased demand for Qualcomm's semiconductors, likely boosting its revenue and stock price.
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SoftBank's Masayoshi Son is seeking up to $100 billion to fund a chip venture that could rival Nvidia, potentially impacting Nvidia's market position.
SoftBank's significant investment in a chip venture to rival Nvidia could introduce new competition in the semiconductor market, potentially affecting Nvidia's market share and stock price.
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