SoftBank beats profit forecasts on $8.2B Intel gain, OpenAI gains pause

SoftBank beat quarterly profit forecasts, driven by an $8.2 billion valuation gain on its Intel stake, while gains from its OpenAI investment paused. Net profit hit 347.3 billion yen ($2.2 billion), down 18% year-over-year but far above analyst estimates. Intel shares surged nearly 400%; ByteDance gains helped offset Vision Fund losses. CEO Masayoshi Son remains committed to AI, with OpenAI representing roughly 20% of net asset value and over $60 billion committed, calling the boom a historic turning point.