International Companies

SoftBank swings to surprise $7bn loss on US data centre writedown

By Benjamin Chiou

Date: Tuesday 10 Nov 2026

(Sharecast News) - Japanese technology investor SoftBank Group swung to an unexpected JPY1.115trn ($7.06bn) quarterly loss in the second quarter after taking a substantial hit from its investments in US artificial intelligence data centre projects, although shares rallied sharply following recent heavy falls.


The net loss attributable to...

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