From Investing.com: 2024-05-11 02:55:27

Japanese tech investor SoftBank Group is expected to report a net loss of 72 billion yen for January-March, despite strong performance from core asset Arm Holdings. Analysts anticipate clues on new growth investments, with minimal activity in the previous quarter. Investors wary of Arm’s dominance within SoftBank’s portfolio and potential market sentiment risks.

SoftBank’s share price to be affected by Arm Holdings’ subdued annual revenue forecast, causing shares to drop 8.5%. SoftBank plans to make new growth investments cautiously, with the potential for a large acquisition akin to Arm in 2016. Analysts warn of Arm’s premium valuations and potential impact on SoftBank’s value and fundraising capacity.



Read more at Investing.com: SoftBank seen returning to loss in Q4 despite tech stock strength By Reuters