SoftBank Group Corp. shares fell over 8% on Friday, June 5, 2026. The stock plummeted more than 11% the previous day amid a broader technology sector sell-off.
The decline follows a historic high reached earlier in the week. CEO Masayoshi Son recently announced a $52 billion investment in French data centers. Son also issued bullish remarks regarding the company's future in artificial intelligence.
Investors expressed concerns regarding SoftBank's substantial debt and concentrated AI investments. The company maintains a significant stake in OpenAI.
SoftBank recently finalized terms for a large hybrid bond issuance. A subsidiary also completed the acquisition of an insurance company.