SoftBank Bets Big on Amazon, Google, Tesla, and Other Tech Stocks

Amazon Quantum

SoftBank Group Corp (OTC:SFTBY) has invested nearly $4 billion on well-established U.S. tech companies, filings with the U.S. Securities and Exchange Commission (SEC) show.

According to these filings, dated Aug. 17, the Tokyo-based conglomerate has built a stake worth around $1.04 billion in e-commerce giant Amazon.com (AMZN), its biggest investment, a $475 million stake in Google parent Alphabet Inc (GOOGL, GOOG) Class A shares, $248.6 million in Adobe Inc. (ADBE), $189 million in Netflix (NFLX), $183 million in software giant Microsoft (MSFT), $181 million in NVIDIA (NVDA), and $122.8 million in Tesla (TSLA). Other big bets include PayPal (PYPL), Zoom Video Communications (ZM), Square (SQ), Etsy (ETSY), and Spotify (SPOT).

SoftBank founder Masayoshi Son, whose company in May of this year reported an annual operating loss of $12.7 billion — its worst ever, is expanding the company’s investment activities from private startups to liquid stocks. Last week, Son announced the launch of a new asset management subsidiary to the company to purchase publicly traded equities, Bloomberg reported.

“As an investment company, we need to explore various angles and scope. But our focus is still on companies driving the information revolution,” Son said at the time.

Last week, the Japanese group whose arm includes the carrier that introduced Apple’s (AAPL) iPhone to Japan, said that its profit jumped 12% to $11.5 billion in April-June from a year earlier, beating earnings expectations by more than 70 percent.

Price Action

SoftBank shares were trading down by less than a percentage point at $29.39 at the time of publication Tuesday.

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