SoftBank Group shares fell more than 11% in Tokyo trading on June 4. A broad sell-off in global technology and artificial intelligence stocks drove the decline.
The market shift followed a retreat in U.S. tech shares as investors took profits. Disappointment in the AI chip sector after Broadcom’s latest earnings report triggered the downturn.
SoftBank remains sensitive to sector sentiment due to its Vision Funds and large stake in chip designer Arm. The price drop reflects investor concerns regarding the company’s high-leverage bets on AI.