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SoftBank establishes SB Neo for US neocloud push, launching FY27

SoftBank establishes SB Neo for US neocloud push, launching FY27

The Japanese tech conglomerate is going after AI cloud infrastructure in the US with a new Delaware-incorporated entity built around GPU compute and energy.

by Editorial Team

2 min read

In Technology

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NVIDIA Corporation (NVDA) price

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Market cap
$5.3T (shares as of 2026-08-21)
P/E (trailing)
27.6 (EPS to 2026-07-26)
Annual revenue
$215.9B USD (FY ended 2026-01-25) 10-K
Annual revenue growth
+65.5% (FY ended 2026-01-25 vs FY ended 2025-01-26) 10-K
Annual net income
120,067,000,000 USD (FY ended 2026-01-25, attributable to the company) 10-K
Annual operating margin
60.4% (FY ended 2026-01-25)
Forward P/E
Unavailable: no dated forecast source

Gloria daily close for session Oct 27, 2026. Market cap and trailing P/E use this close with the SEC share total and trailing diluted earnings, each dated next to its figure. Annual revenue, revenue growth, net income and margin show their own fiscal period and link the 10-K. Current context may postdate this article.

NVIDIA Corporation and its peers

Company PriceMarket capP/E (trailing)Forward P/EAnnual revenue (USD)Annual revenue growthAnnual net income (USD)Operating margin
NVIDIA Corporation NVDA · Price dated Oct 27, 2026 · tokenized NVDAx $218$5.3T27.6Unavailable$215.9BFY ended 2026-01-25 · 10-K+65.5%FY ended 2026-01-25 vs 2025-01-26 · 10-K120,067,000,000FY ended 2026-01-25, attributable to the company · 10-K60.4%FY ended 2026-01-25
Broadcom Inc. AVGO · Price dated Oct 27, 2026 · tokenized AVGOx $342$1.6T43.7Unavailable$63.9BFY ended 2025-11-02 · 10-K+23.9%FY ended 2025-11-02 vs 2024-11-03 · 10-K23,126,000,000FY ended 2025-11-02, consolidated · 10-K39.9%FY ended 2025-11-02
Micron Technology Inc. MU · Price dated Oct 27, 2026 · tokenized MUx $929$1.1T12.5Unavailable$133.2BFY ended 2026-09-03 · 10-K+256.3%FY ended 2026-09-03 vs 2025-08-28 · 10-K84,969,000,000FY ended 2026-09-03, attributable to the company · 10-K74.6%FY ended 2026-09-03
Advanced Micro Devices Inc. AMD · Price dated Oct 27, 2026 · tokenized AMDx $560$914.6B143.7Unavailable$34.6BFY ended 2025-12-27 · 10-K+34.3%FY ended 2025-12-27 vs 2024-12-28 · 10-K4,335,000,000FY ended 2025-12-27, attributable to the company · 10-K10.7%FY ended 2025-12-27

Missing figures stay unavailable. Forward P/E requires a dated source. Annual revenue, revenue growth, net income and margin come from each company's own 10-K, in US dollars, and each row shows that fiscal year. Revenue growth compares the fiscal year with the prior year stated in the same 10-K. Net income is the full year amount attributable to the company, or available to common stockholders where the filing states only that, or consolidated net income. Each row names its basis. Trailing P/E reads "Not meaningful" when the dated trailing diluted EPS is a loss or zero. An operating margin appears only when the filing states both the operating income and the revenue for the same year.

Sources: SEC filings, Gloria daily closes and CoinGecko. Oldest record refresh: Oct 27, 2026, 10:51 PM EDT. Refresh is not a price or filing date. Each row shows its price date and its annual fiscal period. Peers use industry code and company size, or editorial selection. Market cap multiplies that row price by the company share total the latest SEC filing states for every share class together. Trailing P/E divides it by trailing diluted earnings from SEC filings. Rolled earnings per share are approximate because share counts can change between periods. Both appear only when the SEC data carries its date, so they are estimates at one price date, not synchronized filing valuations. Not investment advice.

Token vs underlying stock

Current comparison for NVDA. Historical observations may postdate this article.

NVDAx token unit vs NVDA share · USD

$218.06Oct 27 UTC

+2.7% over displayed period

● NVDAx token┄ NVDA stock: $217.94

Aug 4, 2026: token $212.33 at 20:00 UTC; stock close $211.94 Aug 5, 2026: token $219.87 at 20:00 UTC; stock close $219.22 Aug 6, 2026: token $219.15 at 20:00 UTC; stock close $218.99 Aug 7, 2026: token $223.93 at 20:00 UTC; stock close $223.96 Aug 10, 2026: token $217.66 at 20:00 UTC; stock close $217.55 Aug 11, 2026: token $217.53 at 20:00 UTC; stock close $217.50 Aug 12, 2026: token $224.12 at 20:00 UTC; stock close $224.09 Aug 13, 2026: token $225.42 at 20:00 UTC; stock close $225.30 Aug 14, 2026: token $225.34 at 20:00 UTC; stock close $225.16 Aug 17, 2026: token $225.13 at 20:00 UTC; stock close $225.01 Aug 18, 2026: token $219.70 at 20:00 UTC; stock close $219.74 Aug 19, 2026: token $217.76 at 20:00 UTC; stock close $217.56 Aug 20, 2026: token $216.79 at 20:00 UTC; stock close $216.85 Aug 21, 2026: token $214.85 at 20:00 UTC; stock close $214.72 Aug 24, 2026: token $208.75 at 20:00 UTC; stock close $208.48 Aug 25, 2026: token $213.16 at 20:00 UTC; stock close $213.05 Aug 26, 2026: token $210.06 at 20:00 UTC; stock close $209.66 Aug 27, 2026: token $227.96 at 20:00 UTC; stock close $227.98 Aug 28, 2026: token $217.74 at 20:00 UTC; stock close $217.55 Aug 31, 2026: token $220.91 at 20:00 UTC; stock close $220.78 Sep 1, 2026: token $217.58 at 20:00 UTC; stock close $217.44 Sep 2, 2026: token $224.46 at 20:00 UTC; stock close $224.41 Sep 3, 2026: token $228.90 at 20:00 UTC; stock close $228.45 Sep 4, 2026: token $230.35 at 20:00 UTC; stock close $230.36 Sep 8, 2026: token $225.69 at 20:00 UTC; stock close $225.73 Sep 9, 2026: token $223.89 at 20:00 UTC; stock close $223.67 Sep 10, 2026: token $218.70 at 20:00 UTC; stock close $218.36 Sep 11, 2026: token $218.92 at 20:00 UTC; stock close $218.29 Sep 14, 2026: token $211.47 at 20:00 UTC; stock close $210.96 Sep 15, 2026: token $212.34 at 20:00 UTC; stock close $212.17 Sep 16, 2026: token $214.25 at 20:00 UTC; stock close $213.90 Sep 17, 2026: token $219.68 at 20:00 UTC; stock close $219.34 Sep 18, 2026: token $222.24 at 20:00 UTC; stock close $222.27 Sep 21, 2026: token $227.69 at 20:00 UTC; stock close $227.38 Sep 22, 2026: token $229.20 at 20:00 UTC; stock close $228.87 Sep 23, 2026: token $225.44 at 20:00 UTC; stock close $225.51 Sep 24, 2026: token $224.87 at 20:00 UTC; stock close $224.58 Sep 25, 2026: token $225.29 at 20:00 UTC; stock close $225.07 Sep 28, 2026: token $228.97 at 20:00 UTC; stock close $228.86 Sep 29, 2026: token $227.95 at 20:00 UTC; stock close $227.21 Sep 30, 2026: token $229.85 at 20:00 UTC; stock close $228.38 Oct 1, 2026: token $231.18 at 20:00 UTC; stock close $230.86 Oct 2, 2026: token $234.38 at 20:00 UTC; stock close $233.95 Oct 5, 2026: token $239.30 at 20:00 UTC; stock close $238.90 Oct 6, 2026: token $239.71 at 20:00 UTC; stock close $239.24 Oct 7, 2026: token $237.80 at 20:00 UTC; stock close $237.47 Oct 8, 2026: token $230.81 at 20:00 UTC; stock close $230.48 Oct 9, 2026: token $229.70 at 20:00 UTC; stock close $229.28 Oct 12, 2026: token $226.87 at 20:00 UTC; stock close $226.32 Oct 13, 2026: token $228.73 at 20:00 UTC; stock close $228.52 Oct 14, 2026: token $221.56 at 20:00 UTC; stock close $221.30 Oct 15, 2026: token $217.48 at 20:00 UTC; stock close $217.23 Oct 16, 2026: token $214.56 at 20:00 UTC; stock close $214.13 Oct 19, 2026: token $217.41 at 20:00 UTC; stock close $217.09 Oct 20, 2026: token $216.69 at 20:00 UTC; stock close $216.47 Oct 21, 2026: token $222.20 at 20:00 UTC; stock close $221.97 Oct 22, 2026: token $212.42 at 20:00 UTC; stock close $212.21 Oct 23, 2026: token $211.27 at 20:00 UTC; stock close $210.96 Oct 26, 2026: token $216.15 at 20:00 UTC; stock close $216.00 Oct 27, 2026: token $218.06 at 20:00 UTC; stock close $217.94
Aug 4$208.48 to $239.71Oct 27

Source: CoinGecko + Gloria · Retrieved Oct 28, 19:51 UTC · Delayed

Methodology and data

Split-adjusted regular-session stock closes from the existing Gloria shared history, paired only with an observed token price within 45 minutes of 16:00 New York time. Up to 60 matched sessions. No interpolation or missing-date fill. Weekends and known early closes are omitted. Token units are not adjusted for issuer multipliers or dividend treatment. This compares quoted prices, not fair value, executable premiums or arbitrage returns. Solid line: token. Dashed line: stock. Exact quote times and values appear below. Historical observations. Retrieval refers to the token source. Token quote times use UTC. The fixed cohort shows its oldest member fetch.

Nvidia token vs Nvidia stock: exact source values
Date (UTC)Token (USD)Stock close (USD)Token quote (UTC)
2026-08-04212.33211.942026-08-04 20:00
2026-08-05219.87219.222026-08-05 20:00
2026-08-06219.15218.992026-08-06 20:00
2026-08-07223.93223.962026-08-07 20:00
2026-08-10217.66217.552026-08-10 20:00
2026-08-11217.53217.502026-08-11 20:00
2026-08-12224.12224.092026-08-12 20:00
2026-08-13225.42225.302026-08-13 20:00
2026-08-14225.34225.162026-08-14 20:00
2026-08-17225.13225.012026-08-17 20:00
2026-08-18219.70219.742026-08-18 20:00
2026-08-19217.76217.562026-08-19 20:00
2026-08-20216.79216.852026-08-20 20:00
2026-08-21214.85214.722026-08-21 20:00
2026-08-24208.75208.482026-08-24 20:00
2026-08-25213.16213.052026-08-25 20:00
2026-08-26210.06209.662026-08-26 20:00
2026-08-27227.96227.982026-08-27 20:00
2026-08-28217.74217.552026-08-28 20:00
2026-08-31220.91220.782026-08-31 20:00
2026-09-01217.58217.442026-09-01 20:00
2026-09-02224.46224.412026-09-02 20:00
2026-09-03228.90228.452026-09-03 20:00
2026-09-04230.35230.362026-09-04 20:00
2026-09-08225.69225.732026-09-08 20:00
2026-09-09223.89223.672026-09-09 20:00
2026-09-10218.70218.362026-09-10 20:00
2026-09-11218.92218.292026-09-11 20:00
2026-09-14211.47210.962026-09-14 20:00
2026-09-15212.34212.172026-09-15 20:00
2026-09-16214.25213.902026-09-16 20:00
2026-09-17219.68219.342026-09-17 20:00
2026-09-18222.24222.272026-09-18 20:00
2026-09-21227.69227.382026-09-21 20:00
2026-09-22229.20228.872026-09-22 20:00
2026-09-23225.44225.512026-09-23 20:00
2026-09-24224.87224.582026-09-24 20:00
2026-09-25225.29225.072026-09-25 20:00
2026-09-28228.97228.862026-09-28 20:00
2026-09-29227.95227.212026-09-29 20:00
2026-09-30229.85228.382026-09-30 20:00
2026-10-01231.18230.862026-10-01 20:00
2026-10-02234.38233.952026-10-02 20:00
2026-10-05239.30238.902026-10-05 20:00
2026-10-06239.71239.242026-10-06 20:00
2026-10-07237.80237.472026-10-07 20:00
2026-10-08230.81230.482026-10-08 20:00
2026-10-09229.70229.282026-10-09 20:00
2026-10-12226.87226.322026-10-12 20:00
2026-10-13228.73228.522026-10-13 20:00
2026-10-14221.56221.302026-10-14 20:00
2026-10-15217.48217.232026-10-15 20:00
2026-10-16214.56214.132026-10-16 20:00
2026-10-19217.41217.092026-10-19 20:00
2026-10-20216.69216.472026-10-20 20:00
2026-10-21222.20221.972026-10-21 20:00
2026-10-22212.42212.212026-10-22 20:00
2026-10-23211.27210.962026-10-23 20:00
2026-10-26216.15216.002026-10-26 20:00
2026-10-27218.06217.942026-10-27 20:00

Stock history: Gloria · Retrieved Oct 28, 00:31 UTC. Token history: CoinGecko NVDAx.

Quoted token and share units can have different rights, multipliers and dividend treatment. This is not an executable premium or arbitrage signal.

SoftBank is not interested in renting space in someone else’s cloud. On July 2, 2026, SoftBank Corp. and SoftBank Group Corp. announced the formation of SB Neo, a new US-based entity incorporated in Delaware and built to compete in the neocloud market. The company is targeting a fiscal year 2027 launch for its specialized GPU cloud services.

What SB Neo actually does

SB Neo will operate as a purpose-built AI and energy infrastructure business, with GPU compute as the core product.

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The underlying technology comes from SoftBank’s Japanese operation. Its AI Data Center GPU Cloud, which began rolling out in October 2026, runs on the Infrinia AI Cloud OS. That platform supports Kubernetes-as-a-Service and Inference-as-a-Service, and it runs on NVIDIA’s GB200 NVL72 GPU systems. The US entity, SB Neo, is expected to bring this same stack stateside, tailored for an American customer base and regulatory environment.

Why the US, and why now

The global neocloud market generated over $25 billion in revenue in 2025, and neocloud revenues rose more than 200% year-over-year in late 2025. The sector is projected to approach $400 billion by 2031.

One of the explicit strategic priorities behind SB Neo is keeping sensitive AI workloads within national borders. Data security and sovereignty have become genuine concerns for enterprise and government customers, and a US-incorporated entity running AI infrastructure on domestic soil addresses that concern directly.

SoftBank announced in May 2026 that its SB Energy Corp. subsidiary is planning a US IPO focused on AI data center power projects. The connection between SB Energy and SB Neo is not coincidental. SoftBank appears to be building an integrated stack: power, hardware, and cloud services under a single strategic umbrella.

What this means for investors and the broader market

SB Neo represents SoftBank Group’s continued pivot from pure venture capital bets toward owning and operating AI infrastructure directly. SoftBank’s advantages include its capital base, its existing technology stack through Infrinia, its relationship with NVIDIA given the GPU dependency, and the energy infrastructure play through SB Energy.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

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