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

Arm Ltd, owned by Softbank Group Corp, is preparing to file for a Nasdaq IPO, with a potential valuation of $60 billion - $70 billion. The company is expected to raise $8 billion - $10 billion. Investors are keen to understand how Arm plans to diversify beyond its mobile-chip designs, which have been used by Apple Inc and Amazon.com Inc. Despite CEO Masayoshi Son's optimism about Arm's role in the AI boom, some analysts remain skeptical. Nvidia Corp has emerged as the prime beneficiary of the AI surge, but Arm could potentially collaborate with Nvidia due to its energy-efficient CPUs.

Portfolio Pulse from Anusuya Lahiri

August 21, 2023 | 6:01 pm

Microsoft Corp (NASDAQ:MSFT) plans to host a special event in New York City on September 21, 2023, where it is expected to introduce new additions to its Surface product line. Speculations suggest the launch of products like the Surface Go 4, Surface Laptop Studio 2, and Surface Laptop Go 3. The event marks the company's first significant unveiling since restructuring its hardware division and reducing staff earlier this year. There's also talk that the event could provide insights into the next significant Windows 11 update.

Portfolio Pulse from Anusuya Lahiri

August 18, 2023 | 6:16 pm

Softbank has purchased Vision Fund's stake in Arm Ltd. at a valuation of over $64 billion. Softbank is expected to announce plans for an Arm IPO as early as Monday, according to sources.

Portfolio Pulse from Happy Mohamed

August 18, 2023 | 3:06 pm

The European Commission has mandated Qualcomm Inc (NASDAQ:QCOM) to secure EU antitrust consent before concluding its acquisition of Israeli firm, Autotalks. The decision comes despite the transaction amount not surpassing the EU's monetary benchmark for regulatory review. The central point of contention is around vehicle-to-everything (V2X) semiconductors, where both Qualcomm and Autotalks are dominant players in the European Economic Area (EEA).

Portfolio Pulse from Anusuya Lahiri

August 18, 2023 | 2:54 pm

Online grocery delivery service, Instacart Inc, is reportedly preparing for an initial public offering (IPO) by September. The company had previously hinted at going public in 2022, partnering with Goldman Sachs Group Inc and JPMorgan Chase & Co, but delayed plans due to a downturn in the IPO market. Instacart's valuation was previously estimated at $24 billion, but has been revised to around $13 billion.

Portfolio Pulse from Anusuya Lahiri

August 18, 2023 | 12:52 pm

Tower Semiconductor's stock fell after it and Intel agreed to terminate their takeover deal due to lack of regulatory approval from China. Intel will pay a termination fee of $353 million to Tower. This follows a similar situation where Nvidia and Softbank's deal for Arm Ltd also faced regulatory opposition.

Portfolio Pulse from Anusuya Lahiri

August 16, 2023 | 11:26 am

SoftBank Group Corp is considering acquiring the remaining 25% stake in British chip designer Arm Ltd from its investment fund, Vision Fund 1. This could help alleviate past losses for VF1 investors from investments like WeWork Inc and DiDi Global Inc. SoftBank plans to list Arm on Nasdaq in September with a valuation of $60 billion - $70 billion. The company also explored partnerships with tech companies like Amazon.Com, Inc as cornerstone investors in Arm's IPO.

Portfolio Pulse from Anusuya Lahiri

August 14, 2023 | 12:39 pm

Softbank is reportedly in talks to buy a 25% stake in Arm from its Vision Fund. This move could potentially impact other investors who have been waiting for years.

Portfolio Pulse from Charles Gross

August 13, 2023 | 11:29 pm

WeWork Inc's shares have been volatile following an update that rattled the stock. After a sharp fall, retail traders are trying to push the shares back over $1. The company, once valued at $47 billion, now has a market capitalization closer to $250 million. A recent filing warned investors about the company's liquidity concerns. A Reddit thread has sparked interest in WeWork shares, comparing it to GameStop and suggesting a potential rally. WeWork needs to hit $1 in the next eight weeks to stay on the NYSE and could see institutional investors coming in to help the company’s financial situation.

Portfolio Pulse from Chris Katje

August 12, 2023 | 6:36 pm

Nvidia Corp's stock is trading lower along with its peers after Moody's downgraded its credit ratings of 10 U.S. banks and placed six others under review for potential downgrades. Nvidia launched the GH200 Grace Hopper platform based on a new Grace Hopper Superchip with the world's first HBM3e processor. Taiwan Semiconductor Manufacturing Company Ltd failed to keep up with Nvidia's demand for AI chip packaging, signaling an opportunity for Samsung Electronics Co, Ltd. Nvidia, along with Apple Inc, Samsung, and Intel Corp, are eyeing stakes in Softbank Group Corp backed British chip designer Arm. Advanced Micro Devices, Inc is considered another beneficiary of AI chips due to Nvidia's demand-supply anomalies.

Portfolio Pulse from Anusuya Lahiri

August 08, 2023 | 5:04 pm

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