A post by @FirstSquawk on X.
SoftBank Q2 Earnings:
@FirstSquawk on X
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SoftBank reported a ¥1.12 trillion net loss for its second quarter, missing estimates that had projected a ¥129.32 billion profit. The results included a ¥1.06 trillion investment gain on its Intel stake, while the company confirmed it repaid and cancelled its OpenAI bridge facility and made an additional $10 billion investment in OpenAI in October. SoftBank pegged OpenAI's fair value at $99.6 billion, generating a $45 billion investment gain on that position. The swing to a loss despite sizable mark-to-market gains underscores how concentrated SoftBank's results have become around its AI and semiconductor bets. Investors will watch how those OpenAI and Intel holdings are valued in coming quarters and whether the losses stem from other portfolio segments.
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SoftBank, OpenAI, Intel (INTC)
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