SoftBank valuation nears half its June peak

SoftBank Group shares fell sharply on Thursday, bringing the Japanese investment company’s market value close to half its June peak as investors questioned the cost of financing its expanding artificial intelligence commitments. The stock dropped more than 5% in Tokyo trading, extending a retreat that has accompanied broader selling across Asian technology markets. The decline has put renewed attention on SoftBank’s reliance on borrowing and the uncertain […] The article SoftBank valuation nears half its June peak appeared first on Arabian Post.