SoftBank reported better-than-expected results, driven by an $8.5 billion gain on Intel shares.
Impact on stocks 3
Intel CorporationIntel's stock surged 216% in the quarter, boosting SoftBank's investment value.
Arm Holdings plc American Depositary SharesSoftBank plans to use its Arm stake as collateral for a $20 billion loan to fund OpenAI investment.
Theme Impact
Off-coverage companies 1
SoftBank plans to increase its investment in OpenAI to nearly $65 billion by October.