SoftBank’s $8.5 Billion Gain on Intel Stake Scores Profit Beat

SoftBank Group Corp. reported a smaller-than-expected decline in quarterly net income, lifted by a big boost from its stake in Intel Corp. while it awaits an OpenAI listing.

By Min Jeong Lee · Bloomberg Markets

SoftBank Group Corp. reported a smaller-than-expected decline in quarterly net income, lifted by a big boost from its stake in Intel Corp. while it awaits an OpenAI listing.