Softbank lost $3 billion last quarter in spite of surging AI hype ...Middle East

Quartz - Economy
Softbank lost $3 billion last quarter in spite of surging AI hype
source : Quartz ( Middle East ) () 28
After two years of mostly being in the red, Softbank was expected to turn a profit in the quarter ending June 30. The combination of shedding Alibaba stock and the soaring tech stocks in its Vision Fund portfolio, analysts thought, would tip Softbank into the black. But the chips didn’t quite fall that way. Read more...

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