SoftBank slides on $7B loss tied to AI data centers
SoftBank shares reportedly fell 10% in Tokyo after a $7B quarterly loss, including a $3.7B write-off on power equipment for US AI data centers. Separately, the FT reports CoreWeave is planning chip-backed debt.
What we know
Market news accounts report SoftBank swung to a $7B net loss, with a $3.7B charge on advance payments for power equipment after revising US AI data center plans, and that shares dropped 10%. The FT reports CoreWeave plans a multibillion-dollar chip-backed debt deal. South Korean semiconductor exports reportedly surged 331.2% y/y in early November (unconfirmed).
Sources
“CoreWeave plans multibillion-dollar chip-backed debt deal”
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“SoftBank swung to a $7B net loss in July-September”
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