🚨 SoftBank reported a $7B Q2 FY2026 net loss, reversing a $15.6B profit from the prior year, driven by a $3.7B writedown on U.S. AI data center power equipment plans, an ¥81.6B Vision Fund loss, and financing costs doubling to $2.9B. - The company has invested $64.6B for a 13% stake in OpenAI (valued near $100B at end-September), with $10B borrowed against those shares and $25B against Arm holdings, creating leverage risks if AI valuations weaken. - SoftBank shares have fallen over 50% from their June peak, amplifying concerns about overextended AI bets and potential spillover effects on tech markets from collateral or asset sales.
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