SoftBank Returns to Profit Thanks to Nvidia Bet, Eyes Major AI Push
SoftBank Group has posted a net income of ¥205 billion ($1.4B) for the June quarter, reversing a loss from the previous year. The gain was fueled by soaring valuations in portfolio companies, particularly AI chipmaker Nvidia. Founder Masayoshi Son used the occasion to reaffirm his strategic pivot to artificial intelligence, citing plans to ramp up investments in AI infrastructure and startups globally.
This marks a critical turning point for SoftBank as it leans deeper into AI, potentially reshaping global tech investment flows.
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