AI‑Powered Future: ABB Stock Soars After Mega Robotics Deal – What Investors Need to Know Now
ABB will sell its Robotics division to SoftBank for $5.4 billion, expecting about $5.3 billion in cash and a pre-tax gain of $2.4 billion. The unit made up 7% of ABB’s 2024 sales. ABB’s stock closed at 58.46 CHF on Oct. 7, with a market cap near $135 billion. Q3 order intake hit a record $9.8 billion, up 14% year over year.