Tuesday, 10 November, 2026
Powering Down: SoftBank Posts $7 Billion Loss After US Data Center Hit
By TechShots Studio
SoftBank Group reported a net loss of 1.1 trillion yen ($7 billion) for the July–September quarter, swinging from profitability due to steep losses on US AI data center infrastructure. Heavily impacted by impairments on power equipment prepayments alongside a broader slump in AI-linked tech investments, the tech conglomerate faces growing market skepticism over the returns on massive AI infrastructure spending.
Read full story at REUTERS