US Stocks Today | SoftBank posts fourth straight quarterly profit of $1.6 billion on OpenAI gains

The results, ⁠which mark ⁠SoftBank's fourth consecutive quarter in the black, compare to a net loss of 369 billion yen over the same period ​the previous year.SoftBank's earnings have been flattered by the rising valuation of its investment in ChatGPT-maker OpenAI, even as investors question the risk of overexposure to a single firm in the red-hot Five analysts surveyed by LSEG projected quarterly net income in a range between a gain of 1.1 trillion ​yen ($7.07 billion) and a loss of 480 billion yen.In the ...