SoftBank posted a ¥1.12 tln (USD 71 bln) net loss in the second fiscal quarter,
its first in nearly two years, reversing a year-earlier profit. Share-price
declines in major holdings including Arm, Intel and Coupang weighed on results.
Vision Fund recorded a ¥81.6 bln loss. Investors cite concerns over AI-related
spending and demand; SoftBank is increasingly viewed as a bellwether for
sentiment toward OpenAI and the broader AI sector. Since a June record high,
SoftBank shares have fallen more than 50% amid worries about debt-funded AI
investments and fears a Democratic sweep in the US midterms could stall projects
backed by Masayoshi Son.
