SoftBank shares fall 10% in Asian tech sell-off amid AI investment concerns
By
Justina Lee
Summary
SoftBank shares dropped 10% following a U.S. tech sell-off, with other Asian tech giants like TSMC and Foxconn also declining. Despite recently surpassing Toyota as Japan's most valuable company, concerns persist over SoftBank's high-risk AI investments. The stock had risen ~70% year-to-date on AI enthusiasm. CEO Masayoshi Son predicts the AI revolution will be 50 times larger than the dot-com revolution.
Source
bskySoftBank shares fall 10% in Asian tech sell-off amid AI investment concernscnbc.comKey quotes
· 1 pulledSoftBank CEO Masayoshi Son told CNBC he expects the AI revolution to be 50 times larger than the dot-com revolution
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