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SoftBank profit beats estimates as Intel stake gain lifts results

SoftBank Group Corp. logoSoftBank Group Corp.
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SoftBank reported a fiscal first-quarter profit that beat expectations, helped by a 1.3 trillion yen gain on its Intel shares and higher value at its Vision Funds. The Vision Funds gained $1.7 billion, while SoftBank reported no gain or loss from its OpenAI holding this quarter. Its AI computing segment loss widened to 200.8 billion yen.

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