Overview
- SoftBank shares fell 7% on Friday to ¥21,700, closing the week down nearly 20% and wiping about $51 billion from its market value.
- The retreat unfolded across global AI-linked equities as valuation concerns fueled a broad risk-off move.
- Japan’s Advantest and Renesas dropped, SK Hynix and Samsung declined in South Korea, and TSMC eased in Taiwan.
- In the United States, Qualcomm and AMD fell, with Palantir and Oracle also sliding as selling extended beyond chipmakers.
- The Global X Artificial Intelligence & Technology ETF declined about 4% for the week, and SoftBank’s exposure to Arm, a stake in OpenAI, and a recent $5.4 billion purchase of ABB’s robotics unit magnified its losses.