SoftBank Posts First Loss in Two Years on $6.3B AI Data Center Impairments

SoftBank reported a second-quarter net loss of $6.3 billion, its first in nearly two years, driven by impairments and costs tied to its US AI data center projects. The loss signals a potential overbuild or valuation correction in AI infrastructure, raising questions about the sustainability of AI capex. This may pressure tech valuations and sentiment around AI-related equities.

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