SoftBank (9984.JP) fell nearly 6% for the whole day as selling pressure on AI stocks intensified
SoftBank Group (9984.JP) closed at 16,830 yen today (15th), down 5.95% for the day.
U.S. AI-related stocks were broadly sold off, with the Philadelphia Semiconductor Index plunging over 5%, as concerns about overheating in the AI and semiconductor sectors resurfaced. Following the sharp decline in stock prices after the earnings reports of Oracle (ORCL.US) and Broadcom (AVGO.US), SoftBank Group, as an AI concept stock, also faced pressure, with domestic AI and semiconductor stocks experiencing selling pressure
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