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SoftBank Group reported a significant turnaround with a net profit of 328.9 billion yen ($2.1 billion) in the fourth quarter of the fiscal year, during the January-March period, compared to losses in the previous year. This profitability was largely attributed to the success of its investments in artificial intelligence, particularly boosting the value of its top asset, Arm Holdings. Despite this quarterly success, SoftBank experienced a full-year net loss of $1.46 billion and a $368 million quarterly investment loss from its Vision Fund. Analysts remain optimistic about the company's focus on AI.
SoftBank reported a net profit of over $2.1 billion in the final quarter, compared to losses in the same period a year ago. The investors are excited about the potential of an AI-driven future that boosted SoftBank's top asset, chip designer Arm Holdings https://t.co/RWgVF5XC8K https://t.co/eLyTtcTk4K
Technology investor SoftBank Group swung to a net profit in the final quarter of its financial year as the Japanese giant focuses on artificial intelligence to help fuel a return to growth https://t.co/3QUqfOBYzO https://t.co/1wECPdjDYQ
SoftBank announces $1.5B quarterly profit, attributed to ARM's valuation and AI expansion. However, reports full-year net loss of $1.46B and a $368M quarterly investment loss in Vision Fund. Analysts express confidence in company's AI strategy. $NVDA $SFTBY
