SoftBank Vision Fund Sees Strong Gains After Profit Rebound, Boosted by Vision Fund 1 Investments

Benzinga 2024-11-12

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SoftBank Group achieved strong quarterly gains in its Vision Fund, primarily from increased valuations in Vision Fund 1 investments. This came after returning to profit in the prior quarter following a period of losses. Vision Fund 2 recorded a net loss due to declines of Norwegian robotics firm AutoStore and U.S. automation tech company Symbotic.SoftBank’s increased cash flow reflects the successful IPO of chip designer Arm Holdings, in which it holds a nearly 90% stake. The firm continues to leverage AI investments.

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