Reported 2 months ago
SoftBank Group's shares plummeted 19% on Monday, marking its biggest single-day decline since 1998, resulting in a loss of $15 billion in value and affecting founder Masayoshi Son's wealth significantly. This downturn, attributed to a broader market rout and heightened economic concerns, comes as SoftBank prepares to invest heavily in AI and semiconductor technologies. The company's stock decline for the September quarter now totals 38%, posing execution risks despite potential profitability from its investment strategy.
Source: YAHOO