2024-05-15 09:11:14 ET
Summary
- SoftBank is shifting its focus to AI, with a particular emphasis on specialized semiconductors.
- The company plans to challenge Nvidia with a $100 billion project called Izanagi.
- SoftBank's debt levels in conjunction with its vulnerability to Yen weakness pose a significant risk.
- Also, the company seems to employ an approach similar to what it attempted with the Vision Funds.
Earlier this week, SoftBank Group Corp. ( OTCPK:SFTBF ; OTCPK:SFTBY ) released its annual report for FY2024 (ending March 31 st ). The company is increasingly focused on AI, with a particular emphasis on semiconductors. However, I believe that The general approach remains largely the same as in the past few years, with all the downsides that entails. Below, I am explaining my thesis and why I continue to rate SoftBank as a sell....
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SoftBank Group Corp. Risks Repeating Past Mistakes