Softbank FY loss narrows as tech, AI hype provide limited boost
) clocked a smaller loss in the year to March 31, as the holdings of the Japanese technology giant saw only a limited boost in valuation from growing hype over artificial intelligence.
Loss on investment in Softbank’s flagship Vision Funds was 167.29 billion yen, much lower than the 5.32 trillion yen loss seen in 2023. Softbank’s total loss on investments narrowed to 559.35 billion yen from 835.06 billion yen last year.) benefited from a bump-up in tech valuations over the past two quarters, especially amid growing hype over AI.
Arm’s shares saw a major correction in April after the firm’s annual outlook underwhelmed Wall Street. A further correction in Arm presents significant risk to Softbank.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
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