Daily Market Updates: SoftBank profit beats expectations as Intel boost offsets weaker AI focus

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SoftBank profit beats expectations as Intel boost offsets weaker AI focus

SoftBank said its fiscal first quarter profit beat market expectations, helped by an $8.2 billion boost linked to Intel even as attention on OpenAI takes a backseat.

Reported · Written up by our desk · North America

SoftBank reported profit for its fiscal first quarter, beating market expectations, according to CNBC World.

The company’s results were supported by an $8.2 billion boost tied to Intel, CNBC World said.

The report also highlighted that OpenAI is taking a backseat in SoftBank’s near term focus, as investors parsed what is driving the company’s earnings.

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Sources

CNBC WorldSoftBank gets $8.2 billion boost from Intel as OpenAI takes a backseat

CNBC EarningsSoftBank gets $8.2 billion boost from Intel as OpenAI takes a backseat

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SoftBank profit beats expectations as Intel boost offsets weaker AI focus

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