SoftBank Rally Hinges on OpenAI Growth Easing Balance Sheet Fear
Masayoshi Son, chairman and chief executive officer of SoftBank Group Corp.
Photographer: Kiyoshi Ota/BloombergSoftBank Group Corp.’s stock rally faces a test against reality next week, with investors clamoring for assurance that the company’s multibillion-dollar bet on an increasingly embattled OpenAI will be worth the money.
Masayoshi Son’s tech investment group is set to report full-year earnings on May 13, and many expect bumper profits driven by the company’s AI-related investments, including its 90% stake in CPU chip designer Arm Holdings Plc. But worries about how SoftBank will fund its growing commitment to OpenAI and whether that bet will pay off may crash the party.