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SoftBank just dropped its Q2 earnings, and the numbers are wild. Net profit skyrocketed to $16.6 billion—more than double the previous quarter. What's fueling this surge? Their stake in OpenAI.
The AI boom isn't just hype anymore. When major players like SoftBank see their portfolios explode thanks to AI investments, it signals where smart money is flowing. The valuation gains from their OpenAI position basically carried the entire quarter's performance.
This kind of institutional validation matters. While retail chases meme coins, traditional finance giants are quietly stacking positions in foundational AI infrastructure. The gap between narrative and real capital deployment is closing fast.