SoftBank Group Corp reported a surprise quarterly profit jump after a tech rally boosted the value of its holdings in companies such as Nvidia Corp and Intel Corp.

SoftBank has been making waves in the investment world and has become one of the most significant financial beneficiaries of the current AI boom. Its Vision Fund reported a gain of ¥3.5 trillion in investments, much of which resulted from its OpenAI holdings, and is now estimated to total ¥2.16 trillion for the quarter.

SoftBank Group Corp sold its entire stake in Nvidia Corp., pocketing $5.8 billion ahead of a rash of planned investments by founder Masayoshi Son to build his own sphere of influence supporting artificial intelligence.

SoftBank Group has sold its entire $5.8 billion Nvidia stake to fund a massive AI investment drive, including projects with OpenAI, Ampere, and a trillion-dollar data hub. The sale boosts liquidity as Masayoshi Son bets big on AI’s future despite rising bubble concerns.

SoftBank plans to acquire Ampere Computing for $6.5 billion. Ampere will operate as a wholly owned subsidiary of SoftBank Group and retain its name, while lead investors Carlyle and Oracle will sell their stakes. Ampere develops high performance Arm CPUs ...

Japanese conglomerate SoftBank Group explored a potential acquisition of chipmaker Marvell Technology earlier this year, according to a report in Bloomberg. Marvell and Softbank are not in active negotiations,