Zheng Quan Shi Bao·2025-11-11 12:48Core Viewpoint - SoftBank unexpectedly announced the liquidation of its Nvidia shares, cashing out $5.83 billion (approximately 41.5 billion RMB) in October, which has led to a decline in Nvidia's stock price [1][4]. Financial Performance - SoftBank's latest financial report shows a revenue of 3.74 trillion yen and a net profit of 2.92 trillion yen for the first half of the year. The second quarter revenue was 1.92 trillion yen, exceeding market expectations of 1.89 trillion yen, while net profit reached 2.50 trillion yen, significantly surpassing the forecast of 418.23 billion yen [3]. - The reported net profit is the second highest for SoftBank in the same period, only behind the 3.03 trillion yen recorded in the second quarter of 2022 [3]. Investment Decisions - In addition to the Nvidia sale, SoftBank also sold 40 million shares of T-Mobile, valued at $9.17 billion [4]. - SoftBank announced a revised agreement with OpenAI to invest an additional $22.5 billion through its Vision Fund II, aiming to enhance collaboration in AI technology development and infrastructure [3][4]. - The total investment in OpenAI will amount to $30 billion, following a previous investment of $7.5 billion [3]. Impact on Earnings - SoftBank's investments in OpenAI have significantly boosted its earnings, contributing 21.56 billion yen in investment income, which accounts for 54.9% of total investment income. This has led to a 469.5% year-on-year increase in Vision Fund earnings and a 190.9% increase in net profit for the parent company [3].