Japanese technology investor SoftBank Group is expected to report a quarterly profit of 287 billion yen ($1.87 billion) on Tuesday, November 12.
According to media reports, the mentioned potential result is realistic against the background of factors such as successful listings of companies from the portfolio of the specified investor and the strengthening of the yen.
There is also currently an expectation among analysts for signs of a new investment momentum. The corresponding momentum is associated with SoftBank’s robust balance sheet and management’s optimistic attitude toward artificial intelligence.
The forecast for the investor’s earnings for the third quarter of the current year is based on the average of four analyst estimates compiled by the London Stock Exchange Group. It is worth noting that in the same period of 2023, SoftBank recorded a loss of 931 billion yen.
The investor bets on artificial intelligence. AI is the most advanced technology of modernity. In this context, it is worth noting that SoftBank chief executive officer Masayoshi Son predicts that artificial intelligence will surpass the human mind. Moreover, AI has already demonstrated impressive abilities related to processing large amounts of information and generating original content. At the same time, it is worth noting that against the background of the active development and scaling of the practice of using artificial intelligence, the issue of cybersecurity has become more relevant. Scammers also have access to AI. To counteract the corresponding threat in the cyber environment, personal awareness of users is required. For example, a query in an Internet search engine, such as how to know if my camera is hacked, will allow anyone to get information about signs of unauthorized access to the device.
MST analyst David Gibson forecasts investment gain of SoftBank for the third quarter of 2024 in the amount of $3.9 billion. In the framework of the mentioned projection, the expert estimates income from the initial public offering (IPOs) of shares of Indian companies Brainbees Solutions and Ola Electric at $900 million and $1 billion, respectively.
