Overview
- SoftBank shares fell nearly 11% on Tuesday before a slight rebound to ¥15,390, after a 10.9% drop on Friday on the Tokyo Stock Exchange.
- Forbes estimates Masayoshi Son’s net worth declined by $4.9 billion to $49.3 billion, placing him 32nd globally and eighth in Asia.
- Market commentary ties the slide to worries that Google’s newly launched Gemini 3 could challenge OpenAI, a key SoftBank exposure.
- The company disclosed it sold its entire 32.1 million-share Nvidia stake in October for $5.83 billion to help fund major AI bets including OpenAI.
- Benzinga reports the stock is down roughly 36% over the past month, while a Yale researcher has flagged developing antitrust concerns around the Stargate AI infrastructure initiative.