Streetbeat News

SFTBY

SoftBank Group Corp.

https://group.softbank/

Open

29.32

Mkt cap

85B

Volume

127K

High

29.78

P/E Ratio

6.24

52-wk high

37.19

Low

29.32

Div yield

0.00

52-wk low

21.52

Apollo and SoftBank discussed creating a $20 billion fund to invest in AI-related infrastructure like data centers and chip factories. Talks have cooled, but the venture could involve Arm, a SoftBank-owned chip company. SoftBank's CEO is focused on AI, aiming to compete with Nvidia.

Portfolio Pulse from Benzinga Newsdesk

October 22, 2024 | 4:33 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

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

Symbotic, an AI-driven warehouse robotics company backed by SoftBank and Walmart, has seen a significant decline in its stock price, leading to a $9 billion loss in founder Rick Cohen's wealth. The stock's fall is attributed to construction delays, increased costs, and a class-action lawsuit.

Portfolio Pulse from Benzinga Neuro

September 03, 2024 | 9:18 am

Alibaba and Tencent are increasing their investments in AI startups, with 40% and 30% of their deals in China focused on AI, respectively. This strategic shift aims to enhance their technological edge and market influence amid regulatory and economic challenges.

Portfolio Pulse from Benzinga Neuro

August 21, 2024 | 9:52 am

This week's consumer tech news highlights include a study suggesting TikTok favors the Chinese government, Apple's plans for a thinner iPhone 17, and various updates from major tech and gaming companies. Key developments include collaborations, product updates, and regulatory changes impacting companies like Apple, Disney, Sony, Tesla, Meta, Alphabet, and more.

Portfolio Pulse from Lekha Gupta

August 18, 2024 | 5:30 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's plans to produce an AI chip to rival Nvidia have hit a roadblock as talks with Intel fell through. SoftBank is now looking to Taiwan Semiconductor Manufacturing Co. for production. This shift comes amid Intel's cost-cutting measures and layoffs.

Portfolio Pulse from Benzinga Neuro

August 15, 2024 | 7:29 am

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