SOFTBANK GROUP CORP - CybAI news

16 Aug

SoftBank Is Picking Stock Winners in India’s Red-Hot IPO Market

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India’s hot market for share sales is delivering wins for Japanese technology investor SoftBank Group Corp., whose own stock has taken a hit from disappointing earnings and a reality check on artificial intelligence.Three firms backed by SoftBank have made solid Mumbai debuts in the past week. Shares of e-scooter maker Ola Electric Mobility Ltd., the biggest of the initial public offerings, have surged more than 60%. Software maker Unicommerce eSolutions Ltd.’s shares are already up more than 80% while baby-products retailer Brainbees Solutions Ltd.’s have gained about 40%. Source link lol

13 Aug

Intel, Pinched by Losses, Sells Stake in Chip Designer Arm

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Intel Corp., which is slashing jobs and expenses in a bid to turn around the business, sold its holdings in chip technology creator Arm Holdings Plc during the second quarter. The company reported in a regulatory filing Tuesday that it no longer owns the 1.18 million shares it held three months earlier. Based on the average price of Arm’s stock during that period — $124.34 — the sale would have raised about $147 million for Intel. Source link lol

09 Aug

Ola Electric Jumps 11% After India’s Biggest IPO in Two Years

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Ola Electric Mobility Ltd.’s shares surged in their Mumbai debut on Friday, backed by strong investor demand amid growing adoption for electric vehicles in the country. Source link lol

07 Aug

SoftBank Unveils $3.4 Billion Buyback Ahead of Next Big AI Bet

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SoftBank Group Corp. announced a buyback worth up to ¥500 billion ($3.4 billion), following a month of sharp selloffs and pressure from activist investor Elliott Investment Management to bolster its stock price.The Tokyo-based technology investor plans to buy up to 6.8% of its free-floating outstanding shares in the year to August 7, 2025, according to a release Wednesday. The announcement comes after Elliott built a sizable stake in SoftBank this year and had pushed for a $15 billion buyback, people familiar with the matter said in June. Source link lol

06 Aug

SoftBank to Log Slim Profit Ahead of Masayoshi Son’s Next AI Bet

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SoftBank Group Corp. is likely to report a small profit, an indication of how past mistakes continue to weigh on the company even as billionaire founder Masayoshi Son prepares his next big AI bet.Emerging from a month of sharp selloffs, the Tokyo-based investment firm on Wednesday is expected to report a net income of ¥1 billion ($6.9 million) for the June quarter, according to the average of three analysts polled. That compares with a big loss of ¥477.6 billion a year ago, but is tiny compared with profits in the preceding two quarters, attesting to the continued drag from hundreds…