SoftBank's Vision Fund Gains $19B, AI Push Continues
Update: 2025-11-11
Description
SoftBanks Vision Fund reports a massive $19 billion gain, marking a strong recovery in investment performance. The companys net profit soars to $2.502 trillion, surpassing analysts expectations. Despite impressive financial results, SoftBanks stock plummets, losing nearly $50 billion in market capitalization due to AI bubble concerns. However, shares are still up over 140% this year, driven by the tech investment arms recovery. SoftBank continues its AI push, approving a $30 billion investment in OpenAI, which has now recapitalized as a non-profit with a for-profit entity, securing SoftBanks full investment.
The Daily News Now! — Every city. Every story. AI-powered.
Hosted on Acast. See acast.com/privacy for more information.
Comments
In Channel
Download from Google Play
Download from App Store
United States00:00
00:00
x
