Streetbeat News

SFTBF

SoftBank Group Corp.

https://group.softbank/

Industry

Wireless Telecommunications Carriers (except Satellite)

Open

62.40

Mkt cap

87B

Volume

2.3K

High

62.72

P/E Ratio

258.26

52-wk high

75.20

Low

59.40

Div yield

0.01

52-wk low

36.65

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 Apple has reportedly withdrawn from investing in OpenAI.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

SoftBank Group, led by Masayoshi Son, reaffirms its commitment to AI investment despite market volatility and a significant drop in its stock. CFO Yoshimitsu Goto emphasized the company's robust financial status and unchanged financial strategy for fiscal 2024. SoftBank's first-quarter losses were lower than last year due to a weak yen and increased earnings from ARM Holdings. The company also announced a $3.4 billion share buyback. Meanwhile, U.S. stocks, including Nvidia, experienced declines.

Portfolio Pulse from Ananya Gairola

August 08, 2024 | 2:01 am

Japan's stock market rebounded significantly after a historic plunge, with the Nikkei 225 and Topix gaining nearly 10%. This recovery was supported by strong service sector and employment data. US futures also showed improvement.

Portfolio Pulse from Benzinga Neuro

August 06, 2024 | 2:03 am

ARM Holdings Plc (NASDAQ:ARM) shares are trading higher after Morgan Stanley upgraded the stock from Equal-Weight to Overweight and raised its price target from $107 to $190. The broader semiconductor sector has seen a selloff due to geopolitical tensions and U.S. sanctions against China. ARM's CEO announced plans for AI-ready devices by 2025, and the company has strong licensing and royalty potential. ARM's architecture is favored for its efficiency, with major clients including Apple, Amazon, Google, Microsoft, Nvidia, and Qualcomm.

Portfolio Pulse from Anusuya Lahiri

July 19, 2024 | 5:12 pm

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