SoftBank shares fell as much as 10.5% in Tokyo after reporting a quarterly loss of ¥1.12 trillion ($7 billion). The decline was mainly driven by a $3.7 billion writedown on US data center power equipment advances following changes to project plans. Financing costs of ¥462 billion added further pressure on its results. Despite the loss, SoftBank’s $64.6 billion investment in OpenAI is now valued at $99.6 billion, representing a 13% stake and $45 billion in cumulative gains. However, rising AI infrastructure costs and investment risks continue to weigh on investor confidence.
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