SoftBank Group achieved strong quarterly gains in its Vision Fund, primarily from increased valuations in Vision Fund 1 investments. This came after returning to profit in the prior quarter following a period of losses. Vision Fund 2 recorded a net loss due to declines of Norwegian robotics firm AutoStore and U.S. automation tech company Symbotic.SoftBank’s increased cash flow reflects the successful IPO of chip designer Arm Holdings, in which it holds a nearly 90% stake. The firm continues to leverage AI investments.
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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02SoftBank Group achieved strong quarterly gains in its Vision Fund,
00:06primarily from increased valuations in Vision Fund 1 investments.
00:10This came after returning to profit in the prior quarter following a period of losses.
00:15Vision Fund 2 recorded a net loss due to declines of Norwegian robotics firm
00:20AutoStore and U.S. automation tech company Symbiotic.
00:24SoftBank's increased cash flow reflects the successful IPO of chip designer Arm Holdings,
00:30in which it holds a nearly 90% stake. The firm continues to leverage AI investments.