SoftBank's Q1 profit falls 18% as tech investor gains on Intel stake

AI Summary

SoftBank Group reported an 18% decline in first-quarter profit, which was smaller than expected, primarily due to gains from its stake in chipmaker Intel. Despite challenges in the tech investment environment, the company showed resilience in its financial performance.

Japanese tech investor SoftBank Group ⁠logged a smaller-than-expected 18% drop in first-quarter profit ⁠on Thursday, driven by a gain on its stake in chipmaker Intel even as it rec...