Newscasts - SoftBank profit more than doubles on OpenAI gains, sells Nvidia stock

Total Soft Bank

11/11/2025 12:03

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Source: 'Reuters - Business videos'

Description: Japan's SoftBank Group reported on Tuesday its second-quarter net profit more than doubled to 2.5 trillion yen ($16.6 billion), driven by valuation gains in its holdings of OpenAI. Francis Maguire reports.

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Video Transcript:

SoftBank Group scored big from investing in artificial intelligence during the latest quarter. The Japanese firm said Tuesday net profit more than doubled to $16.6 billion from July to September. It was driven by gains and its holdings of ChatGPT maker OpenAI. The number for the period was well above analysts’ forecasts and from a year ago. SoftBank's Vision Fund unit posted an investment rise of close to $22.7 billion. It mostly came from the group's holding in OpenAI which hit around $14 billion for the quarter. It shows the all-in bets on OpenAI by SoftBank head Masayoshi Son appears to have paid off. SoftBank has scored big out of a wave of investment in AI infrastructure like data centers and front runners in the tech's development like OpenAI. The results also means a SoftBank has more money to employ in its AI-related spending. Its total investment in OpenAI is expected to reach $34.7 billion by the end of this year. But there are growing concerns among market watchers about a so-called "AI bubble." Some fear the large sums invested by leading firms may not bring the high profits to justify the spending. A source also told Reuters in October, losses are mounting at OpenAI, although its valuation has risen throughout the year. SoftBank agreed in March to lead a funding round of up to $40 billion in the company at a valuation of $300 billion. The firm also stepped-up fundraising activities in the quarter by issuing bonds, taking out bridging loans, and selling equity holdings. It includes the sale of the rest of its shares in tech giant NVIDIA for $5.83 billion.