SoftBank Soars on AI Bets, Offloads T-Mobile Stakes Amid Stargate Delays
Summary
SoftBank's quarterly profits soar on AI investments like Nvidia and startups, while offloading T-Mobile stakes and delaying its $500 billion Stargate AI project with OpenAI due to market volatility.
Key Points
- SoftBank reports quarterly profit, boosted by gains from AI bets on Nvidia and startups
- SoftBank reveals sale of another $3 billion stake in T-Mobile U.S. after earlier $4.8 billion sale
- SoftBank's $500 billion Stargate AI project with OpenAI faces delays due to market volatility and trade policy uncertainty