Peter Milliken
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SoftBank shares plunge 10% amid broader tech sell-off
Shares of SoftBank fell 10% following an overnight sell-off in the U.S. market on the back of wider profit taking in the tech sector. Other Asian tech giants also saw their share prices fall. While the Japanese investment giant recently overtook Toyota Motor as Japan's most valuable company, there are market concerns over SoftBank's high-risk bets on AI, even as its share price has risen about 70% year-to-date on investor enthusiasm over the new technology.