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Softbank shares are surging as optimism rebounds

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SoftBank Group Corp. experienced a nearly 10% surge in its shares after Arm Holdings Plc delivered an unexpectedly bullish earnings forecast.

Arm, known for its chip designs, exceeded analyst estimates as its expansion beyond smartphones contributed to significant growth.

Arm projected revenue for the three months ending in March to range between $850 million and $900 million, far surpassing the average analyst estimate of $778 million.

The UK-based chip designer’s shares soared during after-hours trading, pushing the company’s valuation closer to $100 billion.

Public debut

SoftBank retained a stake of approximately 90% in Arm following its public debut last year.

As a result of Arm’s robust performance, SoftBank’s shares surged by as much as 9.6% in early Tokyo trading.

Prior to this rally, Arm shares had already surged by 40% in the December quarter, likely increasing SoftBank’s net asset value to over ¥18 trillion ($121 billion).

Arm now stands as the largest asset within SoftBank’s portfolio, representing around a third of the total.

Bottom line

Although the increase in Arm’s share price does not directly impact SoftBank’s bottom line, the heightened value of the company may prompt Masayoshi Son, SoftBank’s CEO, to consider new asset-backed financing options for additional investments.

SoftBank is set to report earnings for the December quarter later on Thursday.

Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

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Nvidia surpasses Microsoft as the most valuable company in the world

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Nvidia has emerged as the world’s most valuable company, surpassing Microsoft with a market value of over $3.3 trillion.

This shift comes on the heels of Nvidia’s consistent growth in the semiconductor sector and its strategic advancements in artificial intelligence and gaming technologies.

This milestone marks a significant validation of Nvidia’s aggressive expansion and innovation strategies under CEO Jensen Huang, who has steered the company towards dominance in high-performance computing.

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Finance expert empowers his social audience with accessible wealth tips

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The right strategy can change the game for your financial freedom. Meet the advisor making his tips accessible to all.

Wyld Money dives into the world of financial freedom. Whether you’re a seasoned investor or just getting started, join us for actionable tips and tricks to unlock your earning potential, and retire on your own terms.

In this episode, Mark is joined by James Wrigley, Financial Advisor at First Financial. #wyld money #trending

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It takes a village: coordinated financial teams prove paramount to maximising wealth

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The pursuit of wealth is often faced by significant challenges including debt, lifestyle costs, and burnout – so what methods can help overcome these challenges?

Maximising financial opportunities involves a suite of tasks, from leveraging favourable loan rates, strategic tax planning, and coordinated financial advising.

Mark Wyld from MW Wealth joins to discuss more. #featured

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