Streetbeat News

SFTBF

SoftBank Group Corp.

https://group.softbank/

Industry

Wireless Telecommunications Carriers (except Satellite)

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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

SoftBank Group plans to launch an AI-powered medical service in Japan through a joint venture with Tempus AI Inc. The venture, capitalized at $188 million, will be equally owned by both companies and aims to start operations by July. Tempus AI's stock surged nearly 3% in pre-market trading following the news.

Portfolio Pulse from Benzinga Neuro

June 26, 2024 | 10:42 am

SoftBank CEO Masayoshi Son has seen a significant drop in shareholder support for his reappointment, falling from 95.93% to 79.22% in a year, following a recommendation by proxy advisor ISS. The decline is attributed to SoftBank's average return on equity of less than 5% over the past five years. Activist investor Elliott Investment Management has also demanded a $15 billion share buyback. Despite these challenges, SoftBank's stock has surged nearly 50% this year, driven by the rally of Arm Holdings Plc.

Portfolio Pulse from Benzinga Neuro

June 25, 2024 | 12:21 pm

Masayoshi Son, founder of SoftBank, expressed regret over selling the company's stake in NVIDIA, missing out on a potential $157 billion gain. SoftBank's Vision Fund sold its 4.9% stake in NVIDIA in 2019, which would be worth around $160 billion today. This comes as SoftBank shifts its focus to semiconductors and AI.

Portfolio Pulse from Benzinga Neuro

June 21, 2024 | 10:21 am

A legal dispute between Qualcomm and Arm Holdings threatens the shipment of new AI-powered laptops. The conflict centers on intellectual property and licensing issues related to Qualcomm's acquisition of Nuvia. This could impact the market as Qualcomm's exclusive chip supply deal for laptops expires this year, opening opportunities for competitors like Nvidia and AMD.

Portfolio Pulse from Shivani Kumaresan

June 10, 2024 | 4:46 pm

Elliott Investment Management has acquired a nearly $2 billion stake in Southwest Airlines (NYSE:LUV) and plans to push for changes to address the airline's underperformance. Southwest's share price has dropped over 50% in the last three years, contrasting with the performance of other airlines. Elliott is known for driving significant changes in underperforming companies.

Portfolio Pulse from Benzinga Neuro

June 10, 2024 | 2:15 am

Elliott Investment Management has acquired a $2 billion stake in SoftBank Group Corp and is demanding a $15 billion share buyback. SoftBank's stock has surged due to the success of Arm Holdings, but investors remain skeptical of its AI investments. The clash between SoftBank's AI ambitions and investor demands for returns will shape the company's future.

Portfolio Pulse from Surbhi Jain

June 06, 2024 | 12:39 pm

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