SoftBank (SFTBY.US) Q2 profits surged! Liquidating Nvidia (NVDA.US) for $5.8 billion, will continue to increase investment in AI ecosystem.

According to the Zhitong Finance APP, SoftBank's latest quarterly financial report shows that benefited from the strong rebound of technology stocks, the value of its holdings in companies such as Nvidia and Intel has significantly increased, resulting in a substantial increase in net profit beyond expectations. SoftBank sold all of its Nvidia shares, generating $5.8 billion in revenue from the transaction. This windfall from these shares and an unexpected gain in the Vision Fund's start-up investment department helped SoftBank achieve a net profit of 2.5 trillion yen (approximately $16.2 billion) in the second quarter, far exceeding analysts' average expectation of 418.2 billion yen.