|
Feb 13
|
|
$14.60
$14.20
-2.7%
|
AVOID
|
Atul Goyal
Senior Analyst, Jefferies
|
SoftBank's valuation uplift is almost entirely driven by its investment in OpenAI. Goyal notes, "Risk is essentially centered around OpenAI... circular financing concerns... buying Nvidia and others increasing Arm's [value]." The analyst highlights a "circular" risk where SoftBank invests in OpenAI, which buys chips, which boosts Nvidia, which boosts Arm (owned by SoftBank). If OpenAI's valuation falters or competition (Google/Meta) erodes its lead, the entire valuation loop for SoftBank collapses. AVOID. The stock is a leveraged bet on a single private asset (OpenAI) with opaque valuation metrics. OpenAI successfully dominates AGI, driving SoftBank stock significantly higher. |
Bloomberg Markets
AI Angst Rocks Asia Markets | The Asia Trade ...
|
|
Feb 12
|
|
$15.64
$14.20
-9.2%
|
LONG
|
Tom Mackenzie
Anchor, Bloomberg
|
SoftBank swinging to profit; "Central to that was that stake... in OpenAI... gains from OpenAI on that bet around $20 billion." SoftBank is effectively a proxy for pre-IPO OpenAI exposure. As OpenAI's valuation climbs (and Anthropic's $350B valuation sets a comp), SoftBank's NAV expands. Long as an AI proxy. Tech valuation crash; SoftBank's other holdings (ARM) underperforming. |
Bloomberg Markets
Stocks Climb; Nuveen to Buy Schroders; Anthro...
|
|
Feb 12
|
|
$15.64
$14.20
-9.2%
|
N/A
|
Finnhub News
|
— |
Finnhub - SFTBY
SoftBank Group Q3 EPS $0.14 Up From $(0.21) Y...
|
|
Feb 12
|
|
$15.64
$14.20
-9.2%
|
N/A
|
Finnhub News
|
— |
Finnhub - SFTBY
SoftBank Group Corp. (SFTB:CA) Q3 2026 Earnin...
|
|
Feb 12
|
|
$15.64
$14.20
-9.2%
|
N/A
|
Finnhub News
|
— |
Finnhub - SFTBY
SoftBank Group Corp. 2026 Q3 - Results - Earn...
|
|
Feb 12
|
|
$15.64
$14.20
-9.2%
|
LONG
|
Kirk Boodry
Analyst, Bloomberg Intelligence (SoftBank)
|
SoftBank is expected to book ~$6.5B in valuation gains from its OpenAI stake. The stock is trading as a proxy for OpenAI sentiment. With OpenAI expected to raise funding at a $100B+ valuation, SoftBank's asset value reprices higher. SoftBank is effectively the only public, liquid way to get exposure to OpenAI's valuation markup (outside of MSFT). LONG SoftBank as an OpenAI valuation proxy. OpenAI valuation collapses or SoftBank is forced to sell assets to fund further investments. |
Bloomberg Markets
China's Zhipu Jolts AI Race as 'Scare Trade' ...
|