Streetbeat News

SFTBF

SoftBank Group Corp.

https://group.softbank/

Industry

Wireless Telecommunications Carriers (except Satellite)

Open

57.60

Mkt cap

82B

Volume

100

High

57.60

P/E Ratio

6.03

52-wk high

75.20

Low

57.01

Div yield

0.00

52-wk low

42.58

Softbank's CEO Masa Son met with President-Elect Trump at Mar-A-Lago, as part of Trump's series of meetings. This meeting could have implications for Softbank's future investments in the US.

Portfolio Pulse from

December 16, 2024 | 11:15 pm

President-elect Donald Trump and Softbank's CEO are set to announce a $100 billion investment in critical infrastructure and AI, aiming to create 100,000 new American jobs.

Portfolio Pulse from

December 16, 2024 | 4:15 pm

SoftBank is reportedly offering to buy $1.5 billion worth of shares from OpenAI employees, aiming to increase its investment in the AI company. This tender offer provides OpenAI staff an opportunity to sell shares in the privately held firm.

Portfolio Pulse from

November 27, 2024 | 3:30 pm

Jellysmack, backed by SoftBank, is restructuring by laying off employees and scaling back its creator program on Meta Platforms. The company is focusing on its content business amid challenges in monetization.

Portfolio Pulse from Benzinga Neuro

October 22, 2024 | 4:59 am

Masayoshi Son, CEO of SoftBank, predicts artificial superintelligence within a decade, highlighting OpenAI's advancements. SoftBank's AI strategy focuses on ARM Holdings, with plans to expand into AI chips and data centers. Despite setbacks with Intel, SoftBank explores partnerships with other manufacturers like Taiwan Semiconductor.

Portfolio Pulse from Benzinga Neuro

October 04, 2024 | 10:10 am

SoftBank is investing $500 million in OpenAI, boosting its valuation to $150 billion. This investment is part of a $6.5 billion funding round. Microsoft is also an existing investor. Apple has reportedly withdrawn from investing in OpenAI.

Portfolio Pulse from Ananya Gairola

October 02, 2024 | 4:47 am

Intel Corp (NASDAQ:INTC) is receiving takeover proposals from chip companies like Arm Holdings (NASDAQ:ARM) and Qualcomm (NASDAQ:QCOM), but is not looking to sell its product unit. Intel's stock has dropped 31% due to missing the AI shift, while Taiwan Semiconductor (NYSE:TSM) excelled. Intel is considering converting its foundry business into an independent unit and has secured a U.S. chipmaking deal with Amazon (NASDAQ:AMZN). The semiconductor sector saw gains due to rate cuts and positive earnings from Micron Technology (NASDAQ:MU).

Portfolio Pulse from Anusuya Lahiri

September 27, 2024 | 3:23 pm

In August, several mid-cap stocks showed significant performance. Polestar Automotive, Upstart Holdings, and Lumen Technologies were among the top performers, with notable stock price increases due to strong quarterly results and strategic developments.

Portfolio Pulse from Lekha Gupta

September 08, 2024 | 6:09 pm

Tempus AI Inc. (NASDAQ:TEM) has seen a significant rise in its stock price, reaching a new high of $47.81. The stock is up 17.27% since its IPO in June, driven by strategic investments from SoftBank and Google. SoftBank's recent acquisition of 5.41 million shares has particularly boosted investor sentiment. The stock is showing strong bullish signals, with its price well above key moving averages.

Portfolio Pulse from Surbhi Jain

August 16, 2024 | 3:24 pm

Nvidia Corp (NASDAQ:NVDA) stock is trading higher on Thursday due to a fallout in AI chip production discussions between SoftBank Group Corp (OTC:SFTBF) and Intel Corp (NASDAQ:INTC). SoftBank is now turning to Taiwan Semiconductor Manufacturing Co (NYSE:TSM), a key Nvidia supplier. Intel's financial struggles, including a $7 billion operating loss, contributed to the failed deal. Nvidia's stock has been volatile but is up over 176% in the last 12 months. Investors can gain exposure to Nvidia through Vanguard S&P 500 ETF (NYSE:VOO) and SPDR S&P 500 (NYSE:SPY).

Portfolio Pulse from Anusuya Lahiri

August 15, 2024 | 3:59 pm

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