The Zhitong Finance App learned that SoftBank (SFTBY.US) recorded its first net loss in nearly two years because a US data center project caused a write-down loss of 3.7 billion US dollars, compounded by rising market concerns about the sustainability of artificial intelligence (AI) growth, which impacted the investment giant's main holdings. According to financial reports, SoftBank recorded a loss of 1.12 trillion yen (about 7.1 billion US dollars) in the second fiscal quarter, a sharp reversal from the profit of the same period last year, and far lower than the average profit expected by analysts of 129 billion yen.

The Zhitong Finance App learned that SoftBank (SFTBY.US) recorded its first net loss in nearly two years because a US data center project caused a write-down loss of 3.7 billion US dollars, compounded by rising market concerns about the sustainability of artificial intelligence (AI) growth, which impacted the investment giant's main holdings. According to financial reports, SoftBank recorded a loss of 1.12 trillion yen (about 7.1 billion US dollars) in the second fiscal quarter, a sharp reversal from the profit of the same period last year, and far lower than the average profit expected by analysts of 129 billion yen.