Softbank Drops 40% As Investors Dump AI Bet

Softbank Drops 40% As Investors Dump AI Bet

Softbank CEO Masayoshi Son stood next to President Trump, OpenAI CEO Sam Altman, and Oracle (NASDAQ: ORCL) founder Larry Ellison when they announced the Stargate project in January. The plan was to invest $500 billion in data centers. Last month, Son upped its company’s investment in OpenAI to $30 billion. He sold all of Softbank’s Nvidia (NASDAQ: NVDA) share ownership for $5.83 billion to help pay for that decision. Quick Read Softbank Is One…

SoftBank shares tumble amid concerns over AI valuation risks

SoftBank Group Corp. has seen its shares drop 40% from their peak, reflecting growing investor anxiety about the high valuations in the artificial intelligence sector, particularly regarding its substantial investment in OpenAI. Traders are increasingly viewing SoftBank as a barometer for the future of AI investments, leading to heightened scrutiny of its financial health. This slide signals broader market worries about the sustainability of cur…

SoftBank’s 40% slide since October underscores mounting worry over its giant OpenAI bet

Japanese tech investor leads AI selloff amid concerns over new pressure on OpenAI after Gemini 3.0 debut