The decline in quarterly net profit announced by SoftBank Group was less than market expectations, mainly due to the lucrative earnings brought by its Intel shares, and the market is currently closely watching its huge bets on OpenAI. The Tokyo-based technology investment company recorded an investment income of 1.3 trillion yen in the quarter ending June due to holding Intel shares. Intel shares surged 216% during the quarter. SoftBank invested $23 billion to buy Intel shares last year at a price of $23 per share. This investment partially offset the impact of the slowdown in OpenAI valuation growth and the decline in Vision Fund's portfolio value.

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