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

Following the successful IPO of Arm Holding Plc, SoftBank Group Corp is considering investing in OpenAI, the creator of ChatGPT. SoftBank is also contemplating substantial investments in OpenAI's direct competitors. The company is also considering alternative deals, such as the acquisition of British AI chip maker Graphcore.

Portfolio Pulse from Vandana Singh

September 18, 2023 | 11:59 am

Alibaba Group Holding Ltd (NYSE:BABA) is reportedly planning a $2 billion investment in Turkey, following a meeting between CEO Michael Evans and Turkey's President. The company has already invested about $1.4 billion in Turkey through its e-commerce marketplace, Trendyol. Alibaba holds a 76.1% stake in Trendyol, which reached a valuation of $16.5 billion in 2021. Other investors in Trendyol include Softbank Group Corp (OTC:SFTBY), General Atlantic, Qatar Investment Authority, and Abu Dhabi sovereign fund ADQ.

Portfolio Pulse from Shivani Kumaresan

September 18, 2023 | 10:47 am

US stocks are expected to open mixed on Friday due to the upcoming Fed meeting and the United Auto Workers union's strike against Detroit's big three. Economic data due for the day could also create market volatility. Thursday saw strong performance from major averages, with the Dow Industrials ending at a one-month high and the S&P 500 Index breaking the 4,500 resistance. Analysts expect the Fed to pause at the September meeting but predict more rate hikes in the future. Adobe, Ford, and General Motors saw premarket falls due to quarterly results and the UAW strike respectively.

Portfolio Pulse from Shanthi Rexaline

September 15, 2023 | 11:33 am

Arm Holdings, the company behind the CPUs essential for Nvidia's GPUs in AI operations, debuted in the market with the largest IPO of 2023, valued at $54.5 billion. SoftBank, which acquired Arm Holdings in 2016, is retaining 90% of the company and sold 10% of its position to investors. SoftBank's founder, Masayoshi Son, expressed his intention to retain as much stake in Arm Holdings as possible, citing his long-term belief in the company.

Portfolio Pulse from AJ Fabino

September 14, 2023 | 10:37 pm

ARM Holdings PLC made its market debut with the year's largest IPO, valued at $54.5 billion. The shares closed at $63.59, up from the IPO price of $51. ARM, known for producing CPUs for Nvidia's AI-driven GPUs, was acquired by SoftBank in 2016. SoftBank retains 90% ownership, selling 10% in the IPO. ARM's CEO discussed the company's growth prospects and ongoing lawsuit with Qualcomm. The lawsuit could potentially disrupt U.S. competitiveness in the semiconductor field. ARM's revenue for fiscal 2023 slightly decreased to $2.679 billion from $2.703 billion.

Portfolio Pulse from AJ Fabino

September 14, 2023 | 9:05 pm

Arm Holdings PLC (ARM) has launched its IPO at a valuation of $54.5 billion, with shares trading at around $60. SoftBank Group Corp (SFTBY), which bought Arm in 2016 for $32 billion, retains 90% of its holdings. SoftBank's founder, Masayoshi Son, emphasized Arm's role in the AI revolution and sees significant AI applications benefiting from Arm and other AI tech players. Arm's designs play a vital role in Nvidia's (NVDA) AI-powered chips.

Portfolio Pulse from AJ Fabino

September 14, 2023 | 7:33 pm

ARM Holdings plc made its U.S. stock market debut, with its stock trading close to 20% higher due to the artificial intelligence frenzy. The company raised $4.87 billion from 95.5 million American depositary shares at $51.00 per ADS. CEO Rene Haas sees a potential revenue of $28 billion in cloud computing by 2025. Softbank Group Corp chose to retain 90% of the company, releasing 10% of its shares to public investors. ARM's clients include Apple Inc., Alphabet Inc., Nvidia, and Advanced Micro Devices, many of whom are its anchor investors.

Portfolio Pulse from Anusuya Lahiri

September 14, 2023 | 5:26 pm

ARM Holdings PLC has launched its IPO with a valuation of $54.5 billion, marking the biggest IPO of 2023. SoftBank, which acquired ARM in 2016, is retaining 90% ownership and offering 10% of the company on the open market. SoftBank recently consolidated its ownership from 75% to 100% before the IPO. ARM's CPUs are a vital component for Nvidia Corp’s GPUs to operate AI functions.

Portfolio Pulse from AJ Fabino

September 14, 2023 | 4:29 pm

Arm Holdings PLC has issued its initial public offering (IPO) valued at $54.5 billion, making it the largest IPO of 2023. The company, crucial for Nvidia Corp’s GPUs to facilitate AI operations, was acquired by SoftBank Group Corp in 2016. SoftBank chose to retain 90% of the company, releasing 10% of its shares to public investors. Arm's growth in China primarily revolves around data centers and the automotive sector, with 25% of its revenues coming from the country. SoftBank has decreased its exposure to China.

Portfolio Pulse from AJ Fabino

September 14, 2023 | 3:39 pm

Arm Holdings has priced its IPO of 95.50 million ADSs at $51 per ADS. The SoftBank subsidiary has also granted underwriters the option to purchase up to an additional 7 million ADSs. The IPO is expected to close on September 18, 2023.

Portfolio Pulse from Benzinga Newsdesk

September 13, 2023 | 9:37 pm

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