SoftBank's shares have plunged around 40% since late October, erasing over 16 trillion yen ($102 billion) in market value, amid concerns of AI bubble. SoftBank faces $22.5 billion December payment to OpenAI, part of $32 billion deal. However, On Wednesday, stock rose nearly 8% after announcing completion of $6.5 billion purchase of US chip designer Ampere Computing LLC.
short by
Ishita Ranganath /
08:32 pm on
26 Nov