SoftBank Shrugs Off AI Bubble Fears: 'Supply Is Very Much Short'
SoftBank beats Q1 profit estimates as an $8.2B gain on Intel offsets year-over-year earnings decline. Get the full financial breakdown.
SoftBank made more money than expected this quarter because it sold some Intel stock at a good price, even though its regular business made less money than last year. When a big company still does well despite their main business slowing down, it's worth watching whether that pattern continues or if their core work gets stronger again.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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