SoftBank profit beats estimates as Intel stake gain lifts results
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.