Latest news with #Masayoshi Son
Bloomberg
6 days ago
- Business
- Bloomberg
Topix Scales Record High as Large Caps Drive Gains on Robust GDP
Japanese equity benchmarks closed at a record high for a third time this week on faster-than-expected economic expansion, with financial shares leading gains on renewed expectations of a Bank of Japan rate hike. The Topix Index rose 1.6% to an all-time high of 3,107.68, with a sub-index of banks surging 9.4% this week in the biggest rally since the rebound from the market crash in August last year. The tech-heavy Nikkei climbed 1.7% as Masayoshi Son's SoftBank Group Corp. vaulted 6.4% on hopes of gains on the firm's AI investment.
Bloomberg
07-08-2025
- Business
- Bloomberg
SoftBank Swings to Profit on Nvidia Bet Ahead of Big AI Campaign
SoftBank Group Corp. swung to a profit in the June quarter, bolstered by gains in its holdings including Nvidia Corp. and Coupang Inc., in a boost for founder Masayoshi Son's planned bets on artificial intelligence technologies. The Tokyo-based company reported net income of ¥421.82 billion ($2.9 billion) in its fiscal first quarter, versus the average of analyst estimates compiled by Bloomberg of ¥158.23 billion. The Vision Fund logged a ¥451.39 billion profit.
