Streetbeat News

SFTBF

SoftBank Group Corp.

https://group.softbank/

Industry

Wireless Telecommunications Carriers (except Satellite)

Open

51.95

Mkt cap

75B

Volume

804

High

54.20

P/E Ratio

13.32

52-wk high

75.20

Low

51.95

Div yield

0.01

52-wk low

46.94

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

Japanese telecom giants NTT, KDDI, and SoftBank are venturing into space to build high-speed wireless networks. NTT plans to launch an airborne base station by 2026, while KDDI aims to establish a telecom network between Earth and the moon by 2028. SoftBank is also working on HAPS development and satellite-based telecom services.

Portfolio Pulse from Benzinga Neuro

July 08, 2024 | 6:26 am

SoftBank Group Corp has reached a 24-year high in its stock price, driven by strategic moves in AI and the strong performance of its chip-design subsidiary, Arm Holdings Plc. Arm's stock has surged nearly 124% this year, significantly contributing to SoftBank's market cap. SoftBank's Vision Fund is also showing signs of recovery, buoyed by a broader tech stock recovery and a strategic shift towards AI investments. Analysts see potential for further appreciation in SoftBank's stock price.

Portfolio Pulse from Surbhi Jain

July 05, 2024 | 5:09 pm

SoftBank Group Corp (OTC:SFTBF) and Tempus AI Inc (NASDAQ:TEM) have announced a joint venture, SB TEMPUS Corp., to enhance precision medicine in Japan using AI. The venture, launching in July 2024, aims to revolutionize cancer treatment by leveraging Tempus' AI technology. Both companies will invest JPY 15.0 billion each. Tempus also received FDA clearance for its AI-driven ECG-AF device.

Portfolio Pulse from Shivani Kumaresan

June 27, 2024 | 10:50 am

SoftBank Group Corp. is investing $10-$20 million in Jeff Bezos-backed AI startup Perplexity AI, which aims to compete with Google's search engine. This investment is part of a larger $250 million funding round, tripling Perplexity's valuation to $3 billion. The move highlights SoftBank's renewed focus on AI after missing out on Nvidia's rally.

Portfolio Pulse from Benzinga Neuro

June 27, 2024 | 6:42 am

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