SoftBank Group Corp. shares fell 5.6% in the latest trading session. Investors are reacting to a massive surge in debt and equity issuance by tech firms funding AI capital expenditures.
The company reportedly struggled to secure a $6 billion loan using its $64 billion OpenAI stake as collateral. This difficulty fuels concerns regarding the liquidity and valuation of SoftBank’s primary AI investments.
The stock previously suffered a 13% intraday decline in Japan earlier this week. That sell-off followed rumors of a potential delay for OpenAI’s anticipated initial public offering. Market sentiment reflects a broader decline in confidence toward the AI spending cycle.