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"SoftBank's Vision Fund Surges with $4 Billion Gain Amid Tech Valuation Recovery"

Originally Published 1 year ago — by CNBC

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Source: CNBC

SoftBank's Vision Fund recorded its largest gain in nearly three years, with a 600.7 billion Japanese yen gain in the December quarter, marking the first quarterly profit after four consecutive losses. The recovery in technology company valuations contributed to this success, with gains from the sale of shares in chip designer Arm and rising valuations from investments in Didi and ByteDance. CEO Masayoshi Son is considering options for Arm after Nvidia's failed acquisition, and SoftBank's Tokyo-listed shares closed 11% higher following positive earnings and forecasts from Arm.