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SoftBank Group Shares Drop 10% After Booking $7 Billion Loss

Bloomberg Markets Wednesday 11 November 2026, 00:30 UTC By Aya Wagatsuma 1 min read
Key Points

SoftBank Group Shares Drop 10% After Booking $7 Billion Loss SoftBank Group Corp. shares dropped as much as 11% after the Japanese tech investor reported its first net loss in almost two years, after a $3.7 billion writedown for its US data-center projects and falling AI valuations. The stock traded as low as ¥3,465 in Tokyo on Wednesday. The company swung to a ¥1.12 trillion ($7.1 billion) loss in its fiscal second quarter after writing down nonrefundable advance payments it made to secure...

SoftBank Group Shares Drop 10% After Booking $7 Billion Loss SoftBank Group Corp. shares dropped as much as 11% after the Japanese tech investor reported its first net loss in almost two years, after a $3.7 billion writedown for its US data-center projects and falling AI valuations. The stock traded as low as ¥3,465 in Tokyo on Wednesday. The company swung to a ¥1.12 trillion ($7.1 billion) loss in its fiscal second quarter after writing down nonrefundable advance payments it made to secure power-generation equipment for its 8-gigawatt Ohio project and other US data centers.
SoftBank Group (ORG) SoftBank Group Corp. (ORG) Japanese (ORG) US (LOCATION) Tokyo (LOCATION) Ohio (LOCATION)
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