From Investing.com: 2024-11-11 00:15:49

Japanese technology investor SoftBank Group is expected to report a 287 billion yen quarterly profit, boosted by successful portfolio company listings despite a stronger yen. Analysts are eager for signs of new investment momentum, with an estimated $3.9 billion gain for the quarter. SoftBank’s balance sheet is strong, fueling interest in AI chip manufacturing.

Founder Masayoshi Son’s plans for a major investment have analysts intrigued, as SoftBank’s investment activity is on the rise. A potential collaboration between chip designer Arm and chip manufacturer Graphcore to produce AI chips is generating buzz. SoftBank’s solid financial position allows for large-scale investments, with recent credit rating upgrades supporting its capabilities.

Although SoftBank announced a $3.4 billion share buyback, analysts see room for further investment given its strong balance sheet. The company’s financial strength, with a near five-year high balance sheet, positions it well for strategic investments. SoftBank’s reported focus on AI chip manufacturing and recent deal with Arm point to future growth potential.



Read more at Investing.com: SoftBank expected to book $1.87 billion profit on IPOs By Reuters