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SFTBY Earnings: SoftBank Surges to $16.6B Q2 Profit on OpenAI Gains; Sells Nvidia Stake

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Japan-based SoftBank reported its second-quarter results for FY25.

SFTBY Earnings: SoftBank Surges to $16.6B Q2 Profit on OpenAI Gains; Sells Nvidia Stake

Japanese conglomerate SoftBank (SFTBY) (JP:9984) reported its second-quarter results, with net profit more than doubling to ¥2.5 trillion ($16.6 billion). The profit was mainly boosted by gains from its OpenAI (PC:OPAIQ) investments. Along with its results, SoftBank sold its entire stake in Nvidia (NVDA), earning about $5.8 billion in a surprise move.

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