"Arm's Earnings Surge: SoftBank Nets $16 Billion, Exceeding WeWork Losses"
TL;DR Summary
SoftBank's investment in Arm resulted in a $16 billion windfall after the chip designer's earnings report exceeded expectations, surpassing the total losses incurred from its investment in WeWork. Despite a rough stretch for SoftBank's investment portfolio, including a $6.2 billion loss in the Vision Fund tied to WeWork, the surge in Arm's shares has significantly increased the value of SoftBank's stake. However, the company is currently under a lock-up provision preventing it from selling its Arm shares until mid-March.
- SoftBank nets $16 billion on Arm earnings pop, exceeding its total losses in WeWork CNBC
- Arm Soars After Expansion Into New Markets Buoys Forecast Yahoo Finance
- Arm's Stock Soars After Chip Designer's Sales Jump The Wall Street Journal
- Arm shares surge on strong forecast of AI-fueled chip upgrades Reuters
- Arm stock soars 20% as chip maker sees 'signs of recovery' in broader market MarketWatch
Reading Insights
Total Reads
0
Unique Readers
0
Time Saved
1 min
vs 2 min read
Condensed
76%
336 → 79 words
Want the full story? Read the original article
Read on CNBC