SoftBank Group said its net profit for the quarter through December soared to 1.17 trillion yen ($11 billion), from 55 billion yen a year earlier, thanks to investment gains at its Vision Fund. The $100 billion Vision Fund and its smaller successor Vision Fund 2 generated 1.39 trillion yen in investment gains in the quarter, as the share prices of Uber and other publicly listed tech companies...
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Google’s Standoff with AI Chip 'Shark' Broadcom
Jim Cramer, CNBC’s “Mad Money” host, took a swipe at our report today that Google has set an internal goal to break from Broadcom, its supplier of artificial intelligence chips. Cramer called the story “patently false” on X. Cramer, who has been particularly bullish on Broadcom lately, is often criticized for dispensing bad advice—for example, telling his viewers earlier this year to buy shares...
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