The logo of Japanese company SoftBank Group is seen outside the company’s headquarters in Tokyo on January 22, 2025.\u00a0<\/p>\n
Kazuhiro Nogi | Afp | Getty Images<\/p>\n
Japanese giant\u00a0SoftBank<\/a> on Tuesday posted a $19 billion gain on its Vision Fund in its fiscal second quarter ended Sept. 30.<\/p>\n The broader Vision Fund segment factors in non-investment performance such as administrative expenses and gains and losses attributable to third-party investors. The value of the fund had risen $4.8 billion<\/a> in the company’s fiscal first quarter.<\/p>\n Here’s how SoftBank fared in the fiscal second quarter:<\/p>\n Profit hit 2.502 trillion yen in the quarter, versus 206.89 billion yen expected, according to LSEG consensus estimates. It also compares to 1.18 trillion yen net profit a year earlier.Revenue hit 1.92 trillion in the quarter, compared to an LSEG estimate of 1.9 trillion yen.<\/p>\n Softbank is ploughing ahead with its push into artificial intelligence, investing and acquiring firms that will bolster its presence in robots and Artificial Super Intelligence (ASI).<\/p>\n The Japanese conglomerate’s stock has slumped in the past week as concerns of an AI bubble<\/a> sent jitters through global markets. Nearly $50 billion in market cap was wiped out from the stock<\/a> last week, marking its worst weekly loss since March 2020. However, shares are up over 140% this year as its tech investment arm has showed signs of recovery<\/a>.<\/p>\n Last month Softbank reportedly approved<\/a> its final tranche of funding to complete its $30 billion investment in OpenAI. The Japanese firm’s investment in the ChatGPT maker came with a caveat \u2014 that its total investment could be slashed\u00a0to as low as $20 billion<\/a>\u00a0if OpenAI didn’t restructure into a for-profit entity by Dec. 31.<\/p>\n