AI boosts chip sales and startup valuations, Softbank (SFTBY.US) turns unexpected Q4 loss into profit.

According to the Wise Finance APP, SoftBank's (SFTBY.US) fourth quarter profit performance in the 2024 fiscal year exceeded market expectations, as strong demand for artificial intelligence supported the valuation of startups and sales of chip subsidiaries. Data shows that SoftBank's Q4 net profit attributable to shareholders was 517.18 billion yen, a year-on-year increase of 124%, compared to market expectations of a net loss of 108.11 billion yen; SoftBank's full-year net profit attributable to shareholders for the 2024 fiscal year was 1.15 trillion yen, compared to a net loss of 227.65 billion yen in the same period last year, with market expectations for a net profit of 709.69 billion yen.