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SoftBank Posts $12B Quarterly Profit as OpenAI Bet Pays Off

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SoftBank reported a $12 billion net profit for its fourth quarter, with earnings more than tripling year-over-year, driven primarily by surging valuation gains on its OpenAI investment. On an annual basis, profit quadrupled compared to the prior year. The Japanese conglomerate also deepened its AI exposure by committing over $450 million into British chip designer Graphcore on top of an expanded investment commitment to OpenAI.

Why it matters

This result validates SoftBank's aggressive pivot toward AI as a core investment thesis — the Vision Fund's fortunes are now tightly coupled to AI valuations. For investors in SoftBank directly, this is a strong signal of recovery after years of high-profile losses. More broadly, it reinforces the narrative that early-stage AI stakes are generating outsized returns, which supports continued premium valuations across the AI sector.

Watch next

July 2025: SoftBank Q1 FY2025 earnings expected. Ongoing: OpenAI fundraising rounds and valuation updates. Watch for any Graphcore product announcements or further funding rounds in H2 2025.

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