---
title: "SoftBank Shares Drop 12.5% as Stargate AI Project Setback Raises Investor Concerns"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/278431075.md"
description: "SoftBank Group (SOBKY) shares fell 12.5% following setbacks in its Stargate AI project, reaching their lowest since August 2025. The company's credit default swaps widened to 380 basis points amid concerns over its expanding AI commitments, including a planned $30 billion investment in OpenAI. The drop in stock price was exacerbated by Oracle and OpenAI's decision to abandon plans for a Texas AI data center, raising questions about SoftBank's financial flexibility and asset liquidity."
datetime: "2026-03-09T17:55:13.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/278431075.md)
  - [en](https://longbridge.com/en/news/278431075.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/278431075.md)
---

# SoftBank Shares Drop 12.5% as Stargate AI Project Setback Raises Investor Concerns

SoftBank Group (SOBKY) is facing renewed investor scrutiny after its credit default swaps widened and its shares slid following setbacks tied to the artificial intelligence infrastructure initiative known as Stargate. The company's five-year CDS was indicated around 380 basis points as of 9:30 a.m. Tokyo time Monday, according to a trader, compared with roughly 347 basis points late last week. At the same time, SoftBank shares dropped as much as 12.5%, reaching their lowest level since August 2025 as markets weighed the implications of the group's expanding AI commitments.

The pressure on the stock came after Oracle and OpenAI scrapped plans to expand a flagship artificial intelligence data center in Texas that had been part of the broader Stargate initiative. Negotiations over financing and shifting demand conditions dragged on before the companies decided to abandon the expansion plan. The setback has added another layer of uncertainty around the Stargate effort and the scale of infrastructure spending associated with it.

Investors are also examining the financial impact of SoftBank's broader AI strategy, which includes a planned additional $30 billion investment in OpenAI along with other sizable commitments in the sector. The scale of those investments could raise questions about asset liquidity and financial flexibility while potentially increasing borrowing costs if credit conditions tighten. Earlier this month, S&P Global Ratings revised SoftBank's outlook to negative on March 3, citing the company's additional investment in OpenAI.

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