Arm Holdings PLC tonight publishes its second set of numbers since its much-heralded IPO, with owner Softbank set to bask in the chip designer's strong performance since listing in New York.
Assets should show a healthy gain thanks to the 40% rise in Arm’s share price since the float, which will buoy the value of Softbank’s Vision Fund where the largest NAV rise since June 2021 is being forecast.
Softbank watchers add the troubled tech investor might even post its first quarterly profit for a year, thanks to T-Mobile USA.
With Arm now worth US$79 billion, SoftBank’s NAV is likely to have topped US$121 billion, its highest in almost two years.
“That’s a pretty good progression,” Kirk Boodry, an analyst at Astris Advisory, told Bloomberg.
Artificial intelligence (AI) is being tipped to be Arm’s, and hence Softbank’s story, this evening, but some analysts caution that the Japanese investor’s fortunes now are too dependent on the UK chip group and that what goes up will eventually come down.
Arm is no Nvidia, said one, but if Arm can demonstrate a plausible AI strategy alongside its numbers it might yet get a little closer.
Shares in Arm were up by 1.1% to US$73.92 ahead of the results.