Shares of SoftBank Group Corp surged over 10% after SoftBank Corp raised its full-year profit outlook, with optimism around Arm Holdings boosting AI exposure. SoftBank Corp’s revenue for the first nine months of fiscal 2025 hit a record 5.2 trillion yen, up 8%, while operating income rose 8% to 884 billion yen. The telecom subsidiary raised its full-year revenue forecast to 6.95 trillion yen and increased its operating income target to 1.02 trillion yen. SoftBank Corp emphasized steady progress towards fiscal 2025 goals, prioritizing long-term profitability over subscriber growth in its consumer business. Smartphone subscribers fell by 100,000 in the third quarter due to tightened customer-acquisition policies.
Arm Holdings’ sharp rally boosted SoftBank Group, with the British chip designer’s AI-driven growth beyond smartphones enhancing its value. Arm’s data center royalty revenue grew over 100% year-on-year, with the data center business expected to surpass mobile in a few years. Arm aims to supply half of the central processing units for major cloud computing companies by year-end. Despite missing Wall Street licensing revenue estimates, Arm posted record quarterly revenue of $1.242 billion in Q3 2025 driven by AI demand, beating LSEG SmartEstimates.
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1. Amazon announces plans to launch a new delivery service called Amazon Flex, allowing anyone to sign up as a driver and deliver packages for the company. The service will pay $18 to $25 per hour and provide flexibility for drivers to choose their own schedule.
2. The Federal Reserve raises interest rates by 0.25%, citing strong economic growth and low unemployment. This marks the third rate hike of the year and signals the Fed’s confidence in the economy’s ability to withstand higher borrowing costs.
3. Tesla’s stock falls after CEO Elon Musk’s erratic behavior in a recent interview with “60 Minutes.” Musk discusses his struggles with stress and sleep deprivation, raising concerns about his leadership of the company. Tesla’s shares drop by 3.6% following the interview.: SoftBank shares surge after telecom unit lifts outlook, Arm strength