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SoftBank Group Swings to Loss After AI Worries Hit Tech Stocks

Bloomberg Technology Tuesday 10 November 2026, 06:35 UTC By Min Jeong Lee 1 min read
Key Points

SoftBank Group Swings to Loss After AI Worries Hit Tech Stocks SoftBank Group Corp. reported its first net loss in almost two years after worries over AI spending and demand weighed on the tech investor’s top holdings. The Tokyo-based backer of OpenAI reported a ¥1.12 trillion ($7.1 billion) loss in its fiscal second quarter, a sharp reversal from the profit a year earlier. That compares with a market estimate for a profit of ¥129 billion, based on the average of eight analysts polled.

SoftBank Group Swings to Loss After AI Worries Hit Tech Stocks SoftBank Group Corp. reported its first net loss in almost two years after worries over AI spending and demand weighed on the tech investor’s top holdings. The Tokyo-based backer of OpenAI reported a ¥1.12 trillion ($7.1 billion) loss in its fiscal second quarter, a sharp reversal from the profit a year earlier. That compares with a market estimate for a profit of ¥129 billion, based on the average of eight analysts polled.
SoftBank Group Swings (ORG) AI Worries Hit Tech (ORG) SoftBank Group Corp. (ORG) AI (ORG) Tokyo (LOCATION)
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