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SoftBank Group Corp. (9984.T)
Chart Events
Performance Outlook
| Previous Close | 10,030.00 |
| Open | 10,150.00 |
| Bid | 10,165.00 x 0 |
| Ask | 10,170.00 x 0 |
| Day's Range | 10,085.00 - 10,200.00 |
| 52 Week Range | 4,025.00 - 10,695.00 |
| Volume | 4,796,300 |
| Avg. Volume | 13,869,427 |
| Market Cap | 17.672T |
| Beta (5Y Monthly) | 1.25 |
| PE Ratio (TTM) | 12.71 |
| EPS (TTM) | 800.04 |
| Earnings Date | May 12, 2021 |
| Forward Dividend & Yield | 44.00 (0.44%) |
| Ex-Dividend Date | Sep 29, 2020 |
| 1y Target Est | 13,753.00 |
Fair Value
Related Research
- Bloomberg
Nvidia to Make Server Processor, Targets Intel Profit Center
(Bloomberg) -- Nvidia Corp. unveiled its first server microprocessors, extending a push into Intel Corp.’s most lucrative market with a chip aimed at handling the most complicated computing work. Intel shares fell about 4% and Nvidia jumped on the news.Nvidia’s stock rallied further, to a gain of about 6%, after the company said first-quarter revenue “is tracking” above its previous forecast.The graphics chipmaker has designed a central processing unit, or CPU, based on technology from Arm Ltd., a company it’s trying to acquire from Japan’s SoftBank Group Corp. The Swiss National Supercomputing Centre and U.S. Department of Energy’s Los Alamos National Laboratory will be the first to use the chips in their computers, Nvidia said Monday at an online event.Nvidia has focused mainly on graphics processing units, or GPUs, which are used to power video games and intensive computing tasks in data centers. CPUs, by contrast, are a type of chip that’s more of a generalist and can do basic tasks like running operating systems. Expanding into this product category opens up more revenue opportunities for Nvidia.Founder and Chief Executive Officer Jensen Huang has made Nvidia the most valuable U.S. chipmaker by delivering on his promise to give graphics chips a major role in the explosion in cloud computing. Data center revenue contributes about 40% of the company’s sales, up from less than 7% just five years ago. Intel still has more than 90% of the market in server processors, which can sell for more than $10,000 each.The CPU, named Grace after the late pioneering computer scientist Grace Hopper, is designed to work closely with Nvidia graphics chips to better handle new computing problems that will come with a trillion parameters. Systems working with the new chip will be 10 times faster than those currently using a combination of Nvidia graphics chips and Intel CPUs. The new product will be available at the beginning of 2023, Nvidia said. Advanced Micro Devices Inc. is the only other maker of these X86 CPUs and graphics chips.“The takeaway is that Nvidia is serious about CPUs and will not be constrained by X86 owned by Intel and AMD,” Hans Mosesmann, an analyst at Rosenblatt Securities, said in a research note. “The level of platform innovation is mind boggling and something that silicon competitors will be tasked to match for many, many years to come.”Revenue in the period ending in April is expected to be higher than $5.3 billion, which Nvidia projected on Feb. 24, the company said Monday in a separate statement.“We are experiencing broad-based strength, with all our market platforms driving upside to our initial outlook,” said Nvidia Chief Financial Officer Colette Kress. “Overall demand remains very strong and continues to exceed supply while our channel inventories remain quite lean. We expect demand to continue to exceed supply for much of this year.”Nvidia is pitching the new CPU to data center owners -- hyperscalers such as Amazon.com Inc.’s AWS and Alphabet Inc.’s Google -- as a way to harness artificial intelligence software more effectively and improve the ability to make sense of the flood of data they receive.Training a program using a trillion data points of information might take as long as a month currently. Grace will reduce that to three days, according to Ian Buck, an Nvidia vice president. For end-users of cloud services, that will lead to computers that can understand natural human language and make online automated help much more effective, he said.The Swiss National Supercomputing Centre provides scientific computing. The decision to use Grace will help with the amount of machines it’s able to deploy, CSCS director Thomas Schulthess said in an interview. Arm technology is widely used in smartphones and other mobile technology where battery life constraints mean that chips have to be more efficient. Nvidia’s decision to use Arm’s know-how as the basis for its CPU will likely help owners of data centers who have power constraints.Using Grace-based systems could help CSCS to move forward the art of complex calculations such as weather forecasting, Schulthess said. Computers could predict more accurately the track of a storm or even provide season-long climate outlooks to provide early warning of a drought, he said.The new processors are made to work closely with Nvidia graphics chips for the data center. Faster connections, new memory chips and the ability to share memory will help the overall performance of the product, Nvidia said.(Updates with earnings forecast in the second paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
- Bloomberg
Didi Chuxing Has Filed Confidentially for U.S. IPO
(Bloomberg) -- Asia’s top ride-hailing startups are pushing ahead with listing plans, as they seek to take advantage of a boom in equity offerings to fund expansion in everything from food delivery to autonomous driving.Beijing-based Didi Chuxing has filed confidentially with the U.S. Securities and Exchange Commission for an initial public offering that could raise several billion dollars, according to people with knowledge of the matter. Its Southeast Asian peer Grab Holdings Inc. aims to announce a merger with a blank-check company in the U.S. as soon as this week in a deal valued at more than $34 billion, the people said.These listings pave the way for some of the largest tech debuts globally this year as demand for ride services and ride-sharing jumped after pandemic-induced disruptions in Asia. Didi and Grab are also capitalizing on a rebound in tech stocks as the Nasdaq Composite Index is again charging toward an all-time high.Didi has tapped Goldman Sachs Group Inc. and Morgan Stanley as underwriters for its U.S. listing which could value the company at as much as $70 billion to $100 billion, the people said, asking not to be identified because the information is private. It is raising $1.5 billion through a revolving loan facility to shore up capital ahead of the share sale, Bloomberg News reported last week.The startup is also exploring a potential dual listing in Hong Kong at a later time, one of the people added.Didi, the Chinese version of Uber Technologies Inc., acquired its U.S. rival’s China business in 2016. The SoftBank Group Corp.-backed company is stepping up efforts to grow its presence in strategically important sectors like autonomous driving and technologies like artificial intelligence chips. It has also just raised about $1.5 billion for its on-demand trucking unit earlier this year, Bloomberg News has reported.Separately, Singapore-based Grab has attracted backing from T. Rowe Price Group Inc. and Temasek Holdings Pte for its planned merger with Altimeter Growth Corp., the people said. The firms have expressed interest in joining a private investment in public equity offering, or PIPE, to support Grab’s combination with the blank-check company, the people said. BlackRock Inc. is also in talks to participate in the PIPE, which could raise about $4 billion, they added.At a valuation of more than $34 billion, Grab’s deal could become the biggest SPAC merger ever, according to data complied by Bloomberg, and would see the startup become one of the first Southeast Asian unicorns to go public through a blank-check company.Read more: Grab’s $34 Billion SPAC Deal Puts Southeast Asia Tech on the MapDidi and Grab are set to test investor appetite for the capital-intensive ride-hailing business. Uber, which raised $8.1 billion in an IPO in 2019, saw its share dive in March 2020 as the pandemic led to lockdowns in major cities globally. The stock has since quadrupled and even reached a new high in February this year.Details of Didi and Grab’s listings could still change as deliberations continue, the people said. Representatives for Didi, Grab, Goldman Sachs and Morgan Stanley declined to comment.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
- Bloomberg
Six New Unicorns in Four Days Marks Historic Boom for India Tech
(Bloomberg) -- It was an historic week for India’s technology industry. In the space of four days, the country minted at least six new startups with a valuation of $1 billion or more -- what techies call unicorns because they’re supposed to be such rarities.In rough order of size: The investment platform Groww raised money at a valuation of more than $1 billion, messaging bots startup Gupshup hit $1.4 billion, digital pharmacy API Holdings Pvt. was valued at close to $1.5 billion, app developer Mohalla Tech surpassed $2.1 billion, social commerce startup Meesho Inc. also reached $2.1 billion and financial-technology provider Cred rounded out the blessing of unicorns at $2.2 billion.For context, India had a total of seven new unicorns in all of 2020, according to market researcher CB Insights. In 2019, it had six.Global investors such as Japan’s SoftBank Group Corp. and South Africa’s Naspers Ltd. see growing opportunity in the country’s startup scene. The nation of 1.3 billion people has seen the rapid adoption of smartphones in recent years, explosive growth of inexpensive internet services and a new generation of ambitious entrepreneurs.“Large funds such as Naspers, SoftBank and Tiger Global have significant amounts of capital to invest and these startups are now on top of their list,” said P.N. Sudarshan, a partner at Deloitte.India has long trailed well behind the U.S. and China in the amount of venture capital money invested in startups. The total value of deals in 2020 was $11.8 billion, compared with $143 billion in the U.S. and $83 billion in China, according to researcher Preqin.But several startups have emerged recently to signal the potential in the South Asian country. Digital payments giant Paytm reached a valuation of $16 billion, making it the most valuable in the country, according to CB Insights. Online-education startup Byju’s is rasing money at a $15 billion valuation, Bloomberg News reported last week.Flipkart, the e-commerce giant acquired by Walmart Inc. in 2018, is targeting an initial public offering in the fourth quarter that could value the company at more than $35 billion. The venture investments are helping to diversify India’s industry, long best known for tech services companies such as Tata Consultancy Services Ltd. and Infosys Ltd. A Credit Suisse Group AG report last month found there are about 100 unicorns in India with a combined market value of $240 billion, in sectors from e-commerce and fintech to education, logistics and food-delivery.“India’s corporate landscape is undergoing a radical change due to a remarkable confluence of changes in the funding, regulatory and business environment in the country over the past two decades,” the report said. “An unprecedented pace of new-company formation and innovation in a variety of sectors has meant a surge in the number of highly-valued, as-yet unlisted companies.”The Covid-19 pandemic has accelerated the adoption of online technologies in India, perhaps even more than in other countries. During the coronavirus pandemic and the stringent lockdowns of last year, more than 1,600 new startups were founded, taking the total in the country to over 12,500, according to a January report by Nasscom, the country’s technology industry trade body.More than 55 of these are potential unicorns, the report said, what the venture industry refers to as “soonicorns.” Like in Silicon Valley, executives who got experience at leading startups such as Flipkart and Paytm are breaking out to set up their own companies, and entrepreneurs who have had successful exits are turning to their second or third startups.“The surge of funding and the breeding of unicorns is not a surprise because India has the third-largest startup ecosystem in the world and the third-largest market for such startups,” said Pranav Pai, managing partner at 3one4 Capital Advisors LLP.Pai said he knows of at least six new unicorns that will be minted in the next few months. While $20 million rounds were notable five years ago, startups are scaling very quickly and raising $100 million to $200 million rounds nowadays, he said.The investor checks out a few hundred startups each month on average.“The difference is, instead of encountering just one high-quality startup among those, we now see eight to 10 every month,” said the venture capitalist whose earlier fund Arin Capital backed edtech startup Byju’s and the newly-minted e-pharmacy unicorn, PharmEasy.Many investors will see their earlier bets come full circle as a dozen Indian startups prepare to head to the public markets later this year or early next.“Such exits will further boost investor confidence, increase liquidity and fuel a new frenzy of funding,” said Sudarshan.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
