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SoftBank Shares Surge 14% on Record $2.9B Q2 Profit Driven by AI Investments
SoftBank Shares Surge 14% on Record $2.9B Q2 Profit Driven by AI Investments
20
3
BTCCSquare news:
SoftBank Group's stock soared 14.41% to a record high after reporting a staggering $2.9 billion Q2 profit, tripling analyst expectations. The Japanese conglomerate's aggressive AI bets—including stakes in Nvidia and OpenAI—are now delivering concrete returns rather than speculative hype.
Market momentum around AI propelled Japan's Topix index to unprecedented levels, with SoftBank leading the charge. The firm's $30 billion commitment to OpenAI and leadership in the $500 billion Stargate data center project underscore its transformation into an AI-focused investment powerhouse.
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