Streetbeat News

SFTBY

SoftBank Group Corp.

https://group.softbank/

Open

27.68

Mkt cap

81B

Volume

25K

High

28.00

P/E Ratio

5.86

52-wk high

37.19

Low

27.68

Div yield

0.01

52-wk low

19.24

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

SoftBank announced a $3.4 billion share buyback following its first-quarter earnings report, which showed mixed results with a net profit of $71.5 million despite significant losses in its Vision Fund. The buyback aims to address shareholder concerns about the company's market capitalization.

Portfolio Pulse from Benzinga Neuro

August 07, 2024 | 9:34 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

The stock market is set to open sharply lower on Monday due to negative sentiment from last week. Nasdaq 100 futures are down over 4%, and the VIX has spiked over 100%. Berkshire Hathaway has trimmed its equity portfolio, including selling nearly half of its Apple shares. Tech stocks, particularly Nvidia, are showing notable weakness. Bitcoin has also plunged over 15%. The global sell-off is driven by recession fears and the unwinding of yen carry trades.

Portfolio Pulse from Shanthi Rexaline

August 05, 2024 | 11:51 am

Nvidia's stock plunged nearly 10% to below $100, leading a broader decline in semiconductor stocks in premarket trading. The drop is attributed to a rumored delay in Nvidia's next-gen Blackwell accelerators due to a design flaw. Other semiconductor stocks, including AMD, Intel, Arm Holdings, and ASML, also saw significant declines.

Portfolio Pulse from Shanthi Rexaline

August 05, 2024 | 10:51 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

Nvidia Corp. (NASDAQ:NVDA) has invested $27 million in networking software startup Arrcus Inc. to enhance its data traffic management platform. The investment round included other notable investors such as Saudi Aramco's Prosperity7 Ventures, Hitachi Ventures, and General Catalyst. Arrcus plans to use the funds for global expansion and technology enhancement. Nvidia's stock has gained over 153% in the last 12 months, and investors can gain exposure through ETFs like T-Rex 2X Long NVIDIA Daily Target ETF (BATS:NVDD) and ProShares Ultra Semiconductors (NYSE:USD).

Portfolio Pulse from Shivani Kumaresan

July 18, 2024 | 6:20 pm

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 is negotiating with banks to secure up to $10 billion in funding for energy-related projects, primarily in the U.S., to support global generative AI projects. This move aligns with SoftBank's recent AI investments, including in Perplexity AI, and plans to buy and lease chips from Nvidia.

Portfolio Pulse from Benzinga Neuro

July 05, 2024 | 3:01 pm

SoftBank Group Corp. (OTC:SFTBY) plans to raise $1.86 billion through bond issuance to repay debt and invest in AI. The funds will be raised via U.S. dollar and euro-denominated bonds. This move aligns with SoftBank's strategic focus on AI, including a planned investment in Perplexity AI and a joint AI-powered medical service with Tempus AI Inc. (NASDAQ:TEM).

Portfolio Pulse from Benzinga Neuro

June 28, 2024 | 2:05 pm

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