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's Arm is focusing on artificial intelligence (AI) ahead of its IPO, launching new products including the Cortex-X4 and Immortalis-G720 to boost smartphone performance. Arm maintains its partnership with Taiwan Semiconductor Manufacturing Company and aims for a high valuation, following NVIDIA's success in the AI market.

Portfolio Pulse from Anusuya Lahiri

May 30, 2023 | 12:54 pm

Top hedge funds, including Michael Burry's, Moore Capital Management, and Third Point LLC, increased their stakes in Alibaba Group Holding Limited (NYSE:BABA) in Q1. Meanwhile, Asia-based hedge funds, such as Segantii Capital Management Ltd. and Alpine Investment Management Ltd., offloaded nearly half of Alibaba ADRs. Alibaba ADRs have lost value since January due to Softbank Group Corp's (OTC: SFTBF) (OTC: SFTBY) plan to reduce its stake and rising geopolitical tension.

Portfolio Pulse from Anusuya Lahiri

May 30, 2023 | 12:50 pm

Bill Ackman believes Carl Icahn's firm is overvalued after Hindenburg Research's report. Nvidia nears $1 trillion market cap after strong Q1 results. Freshpet's largest shareholder, Jana Partners, pushes for board overhaul. Airbus receives its largest commercial helicopter order in Italy from Air Corporate. Palantir Technologies collaborates with Ukraine's Ministry of Digital Transformation for defense and reconstruction efforts.

Portfolio Pulse from Vandana Singh

May 25, 2023 | 1:27 pm

Softbank-owned chip designer Arm Ltd has shelved its flagship tech division, Arm Research, and is focusing on more commercially viable products ahead of its IPO in 2023. The company downsized by 15% and redeployed over half of Arm Research's employees into other parts of the organization.

Portfolio Pulse from Anusuya Lahiri

May 25, 2023 | 12:26 pm

Nvidia CEO Jensen Huang warns that the US semiconductor chip embargo with China could cause immense damage to the US tech industry. He highlights the importance of the Chinese market for companies like Nvidia and the potential repercussions of further trade restrictions. China's ban on Micron Technology products is seen as retaliation against the embargo.

Portfolio Pulse from Anusuya Lahiri

May 24, 2023 | 10:55 am

Walmart's $16 billion deal for a 77% stake in Flipkart in 2018 has given it an edge over Amazon in India's online retail market. Flipkart's valuation surged to $38 billion in 2021, and it has grown more quickly than Amazon in the country. Walmart's shares traded higher by 0.13% at $150.10 premarket.

Portfolio Pulse from Anusuya Lahiri

May 22, 2023 | 11:53 am

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.