Stock Forecast Based On a Predictive Algorithm | I Know First |Saudi Arabia Investment Fund Archives - Stock Forecast Based On a Predictive Algorithm

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

The 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.

Summary:

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