SoftBank Group Shares Drop 10% After Booking $7 Billion Loss

SoftBank Group Corp. reported a net loss and shares declined after the company took a $3.7 billion writedown on US data-center projects. The loss marked the company's first in almost two years. The company also cited falling valuations in its AI investments as a factor in the financial result.

• Bloomberg — SoftBank Group Shares Drop 10% After Booking $7 Billion Loss

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