🚨AI has dragged everyone down with it! SoftBank lost more than $7 billion in a single quarter, and Masayoshi Son’s response is: double down!!
SoftBank Group released its latest financial results today. Net sales for the first half of the year rose 13.3% year over year, but the company posted a net loss of about $7 billion in the second quarter alone—its first in nearly two years.
Analysts had expected a profit of ¥84 billion. Instead, SoftBank lost ¥1.12 trillion!! The main factors were losses of about $3.7 billion resulting from changes to procurement plans for US AI data center projects, as well as valuation losses on its Intel stake and related derivatives.
The risks of AI infrastructure are starting to become clear: “Change the plans, and the bill arrives.” Equipment, electricity, financing—none of it comes cheap. The projects haven’t even started making money, yet a change of plans can mean huge losses right away.
Meanwhile, SoftBank just completed a $10 billion investment in OpenAI in October, bringing its total investment to $64.6 billion. It looks like Masayoshi Son is determined to press ahead. What the market really wants to know is: when will these investments actually pay off??!#孙正义 #软银 #AI芯片股重挫纳指周跌3.4%
SoftBank Group released its latest financial results today. Net sales for the first half of the year rose 13.3% year over year, but the company posted a net loss of about $7 billion in the second quarter alone—its first in nearly two years.
Analysts had expected a profit of ¥84 billion. Instead, SoftBank lost ¥1.12 trillion!! The main factors were losses of about $3.7 billion resulting from changes to procurement plans for US AI data center projects, as well as valuation losses on its Intel stake and related derivatives.
The risks of AI infrastructure are starting to become clear: “Change the plans, and the bill arrives.” Equipment, electricity, financing—none of it comes cheap. The projects haven’t even started making money, yet a change of plans can mean huge losses right away.
Meanwhile, SoftBank just completed a $10 billion investment in OpenAI in October, bringing its total investment to $64.6 billion. It looks like Masayoshi Son is determined to press ahead. What the market really wants to know is: when will these investments actually pay off??!#孙正义 #软银 #AI芯片股重挫纳指周跌3.4%
