SoftBank Logs $7 Billion Loss After US Data Center Costs Swell
SoftBank Group Corp. reported its first net loss in almost two years after swallowing a $3.7 billion writedown over a US data-center project amid rising fears around the sustainability of AI growth.
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SoftBank Group reported its first net loss in almost two years after worries over AI spending and demand weighed on the tech investor’s top holdings. www.bloomberg.com/news/article...
Ravi (@cravi75.bsky.social) Nov 10, 2026