SoftBank Q1 Beat Fueled by Intel Stake; AI Gains Lag
SoftBank reported a better-than-expected first quarter, helped by a gain on its Intel stake, while Vision Fund gains waned and OpenAI-related valuation upside was absent. The pre-earnings selloff appears overdone as the quarterly results demonstrate earnings resilience despite portfolio-mark performance being mixed. The near-term driver will be whether AI holdings re-rate meaningfully.
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