SoftBank gets $8.2 billion boost from Intel as OpenAI takes a backseat

SoftBank gets $8.2 billion boost from Intel as OpenAI takes a backseat

SoftBank announced fiscal first-quarter results that surpassed analyst projections, with net profit reaching 347.3 billion Japanese yen ($2.2 billion), compared to expectations of 120.23 billion yen. The results represented an approximately 18% decline from the prior-year period. The company’s investment division recorded a substantial 1.3 trillion yen gain on its holdings in Intel, which had appreciated nearly 400% over the preceding 12 months.…