2026-01-17 04:25:50


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$32 billion wiped out! Softbank market cap plunges; drop in Asian AI-linked companies drives fall

SoftBank Group shares plunged 14% as Asian AI firms mirrored US market drops, signaling investor caution over inflated sector valuations. The tech giant lost $32 billion in market cap, with its AI investments, including Arm Holdings and OpenAI, facing scrutiny.

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