SoftBank Records $1.6B Q3 Profit Fueled by OpenAI Stake, Divests Nvidia to Fund AI Bets
SoftBank Group's quarterly profit surged to $1.6 billion, marking a dramatic reversal from last year's losses. The Japanese conglomerate's 11% stake in OpenAI generated $2.4 billion in gains, validating Masayoshi Son's aggressive pivot toward artificial intelligence investments.
To finance its $30 billion commitment to OpenAI, SoftBank liquidated its entire Nvidia position for $5.8 billion and trimmed its T-Mobile holdings. The strategic moves increased the firm's loan-to-value ratio to 20.6% as it doubles down on generative AI leadership.
Tokyo traders rewarded the risk-taking with a 2.4% share price bump. The Vision Fund's cumulative 2.8 trillion yen gain on OpenAI positions the conglomerate at the forefront of the large language model arms race.
