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The Nexus
BUSINESSAug 6 · 06:35 UTCBLOOMBERGMin Jeong Lee

SoftBank’s Profit Beats Expectations With Boost From Chip Bets

SoftBank Group Corp. reported that its quarterly net income experienced a decline, but this decrease was smaller than expected. The results were aided by a rally in the company's chip-stock holdings while SoftBank awaits potential further gains from its investments in OpenAI.

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SoftBank Group Corp.organizationOpenAIorganizationchip-stock holdingstopicquarterly net incometopic
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