Streetbeat News

SFTBY

SoftBank Group Corp.

https://group.softbank/

Open

30.20

Mkt cap

89B

Volume

45K

High

30.46

P/E Ratio

252.92

52-wk high

37.19

Low

30.08

Div yield

N/A

52-wk low

18.78

Elliott Management has re-established a significant stake in SoftBank (OTC:SFTBY) and is advocating for a $15 billion share buyback. The activist fund's position is valued at over $2 billion, and the news has led to a 5.5% surge in SoftBank's shares in Tokyo. Elliott believes the buyback would boost SoftBank’s share price and signal confidence in its strategy.

Portfolio Pulse from Benzinga Neuro

June 05, 2024 | 8:27 am

SoftBank Group Corp is shifting its investment focus from startups to semiconductors and AI, divesting nearly $29 billion in U.S.-listed holdings since late 2021. The pivot follows a successful IPO of Arm Holdings Plc, enhancing the value of SoftBank's 90% stake. SoftBank is now eyeing semiconductor ventures, including a potential $100 billion chip venture to rival Nvidia and others, and is in talks to acquire Graphcore Ltd.

Portfolio Pulse from Anusuya Lahiri

May 10, 2024 | 3:55 pm

ARM Holdings PLC - ADR (NASDAQ:ARM) reported Q4 earnings with a significant year-over-year revenue increase but saw a stock price drop due to earnings not meeting the high whisper numbers. The article also discusses broader market trends, including jobless claims, Bank of England's interest rate decisions, and early trade money flows in major tech stocks and ETFs. It highlights the importance of protection bands for investors and mentions The Arora Report's successful AI and market trend predictions.

Portfolio Pulse from The Arora Report

May 09, 2024 | 2:41 pm

Perplexity AI, backed by Jeff Bezos and supported by Nvidia and SoftBank, has raised $63 million in a new funding round, valuing the company at over $1 billion and making it a unicorn. The funding was led by Daniel Gross, with contributions from notable investors. Existing investors, including Nvidia and SoftBank, have increased their investments. Perplexity AI, known for its AI-driven search engine, is expanding its services and partnerships, including an enterprise chatbot version and collaborations with major carriers like SoftBank Corp. and Deutsche Telekom AG.

Portfolio Pulse from Rounak Jain

April 24, 2024 | 10:15 am

SoftBank Group Corp plans to invest $960 million in developing a Japanese-language-specific generative AI model using NVIDIA Corp chips. This investment aims to significantly enhance Japan's computing capabilities and position SoftBank as a leader in the AI space. The investment will be spread over 2024 and 2025, adding to SoftBank's previous investments in computing infrastructure. This move aligns with SoftBank's focus on AI and chip development, potentially challenging NVIDIA in the AI market.

Portfolio Pulse from Benzinga Neuro

April 23, 2024 | 9:26 am

Sam Altman, CEO of OpenAI, aims to revolutionize the semiconductor industry with a $7 trillion investment to build artificial general intelligence. This ambitious plan faces skepticism due to its scale and the current technological and resource limitations. Key industry players like Nvidia, Intel, and TSMC are investing in advanced chip manufacturing, essential for AI development. The global chip shortage and expertise deficit pose additional challenges. Altman's initiative aligns with broader efforts, such as the U.S. CHIPS Act, to enhance semiconductor capabilities and secure AI advancements.

Portfolio Pulse from Natan Ponieman

February 13, 2024 | 1:44 pm

SoftBank Group Corp (OTC:SFTBY) announced a significant turnaround with a $6.6 billion profit in the quarter ending December 2023, despite writing off its entire investment in WeWork as a loss. This marks a recovery from a $5 billion loss in the same period a year earlier. The profit was attributed to the rebound in tech stocks and a beneficial increase in T-Mobile US Inc. shareholding. WeWork filed for bankruptcy in November 2023, leading to a $6.2 billion loss for SoftBank's Vision Fund in the second quarter of 2023.

Portfolio Pulse from Pooja Rajkumari

February 08, 2024 | 11:50 am

SoftBank Group Corp's backed Cohesity is set to acquire the data protection business of Veritas Technologies LLC, a subsidiary of Carlyle Group Inc, for $3 billion. This acquisition, expected to close by year-end, will create a combined entity valued at $7 billion with an estimated annual revenue of $1.6 billion. The deal aims to enhance Cohesity's growth margins and facilitate its expansion into international markets, leveraging AI-powered software for data security.

Portfolio Pulse from Benzinga Neuro

February 08, 2024 | 9:34 am

SoftBank Group Corp (OTC:SFTBY) reported a significant turnaround with its Vision Fund posting a $4.35 billion gain in the December quarter of fiscal year 2023, marking its highest gains in nearly three years. This recovery follows a challenging period where the Vision Fund suffered a record loss of approximately $32 billion in the previous fiscal year. The gains were largely attributed to the resurgence in tech company valuations and a profitable sale of shares in Arm Holdings, a majority-owned chip designer by SoftBank.

Portfolio Pulse from Benzinga Neuro

February 08, 2024 | 9:04 am

Adam Neumann, founder and former CEO of WeWork Inc (OTC:WEWKQ), has hired Tesla attorney Alex Spiro as he attempts to buy back the bankrupt office space company, WeWork. Spiro, known for his work with Elon Musk, has been advising Neumann since late 2023. WeWork, once valued at $47 billion, faced a decline due to the Covid-19 pandemic, costly leases, and high debt, leading to its bankruptcy. Neumann, with investors including Third Point hedge fund, aims to reacquire the company amidst its financial restructuring. Softbank Group Corp (OTC:SFTBY), as WeWork's largest shareholder, plays a significant role in the bankruptcy and potential buyout. Additionally, WeWork's story has been featured in a documentary and an Apple Inc (NASDAQ:AAPL) series.

Portfolio Pulse from Chris Katje

February 07, 2024 | 9:56 pm

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