SoftBank Stock Forecast: Partnership With Saudi Arabia Is Beneficial To SoftBank

motek 1The article was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology  – Senior Analyst at I Know First

SoftBank Stock Forecast

  • Saudi Arabia’s state-owned Public Investment Fund and SoftBank are creating a new technology-focused investment fund.
  • Public Investment Fund will contribute $45 billion during the next five years. SoftBank expects to contribute $25 billion to this partnership.
  • SoftBank and Saudi Arabia will likely focus on growing their empire covering Internet of Things and mobile gadgets.
  • SoftBank will have more funds to acquire leading tech firms. I won’t be surprised it if also makes a play for Nvidia or AMD soon.
  • SoftBank has strong buy signals based on its long-term algorithmic forecasts from I Know First

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