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SoftBank shares rise 13.9% despite recording $7 billion net loss in Q2

CNBC · ·by G4L

  1. 1SoftBank reported a net loss of 1.12 trillion yen ($7 billion) for the second quarter of the fiscal year.
  2. 2SoftBank shares closed up 13.9% on Tuesday.
  3. 3SoftBank completed an additional $30 billion investment in OpenAI in October.

So what's the key point?

SoftBank recorded a $7 billion loss in the second quarter. However, the stock price rose 13.9%, and the company decided to invest an additional $30 billion in OpenAI in October.

Source CNBC · View original ↗

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