
SoftBank Shares Plunge Over 7% In Tokyo After $2 Billion Intel Bet As Asian Tech Stocks Tumble Following Nvidia-Led US Sell-Off

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SoftBank shares fell over 7% in Tokyo following a $2 billion investment in Intel, amid a broader decline in Asian tech stocks after a U.S. sell-off led by Nvidia. SoftBank's U.S.-listed shares also dropped significantly. The downturn affected semiconductor companies across Asia, with notable declines in TSMC, Foxconn, and SK Hynix. Investor concerns were heightened by potential U.S. government equity stakes in semiconductor firms benefiting from the CHIPS Act.
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