SoftBank posts $16.6B profit on OpenAI gains, sells $5.83B worth of Nvidia shares

Core Insights - SoftBank Group Corp. reported a net profit of 2.5 trillion yen ($16.6 billion) for the July–September quarter, marking its third consecutive profitable period driven by a surge in the value of its Vision Fund investments [1] Financial Performance - The reported net profit of 2.5 trillion yen ($16.6 billion) indicates a strong financial performance for the company during the quarter [1] - This profit represents a continuation of profitability, as it is the third consecutive quarter of positive net income for SoftBank [1] Investment Highlights - The surge in the value of the Vision Fund has been a significant factor contributing to the company's profitability during this period [1]