SoftBank swings to $7 billion net loss in fiscal second quarter
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SoftBank reported a fiscal second-quarter net loss of 1.12 trillion yen ($7 billion) on Tuesday for the year ending March 31, 2027. Its shares still closed 13.9% higher as Asian tech names rallied after a Wall Street rebound. In October it completed a $30 billion OpenAI follow-on, bringing total investment to $64.6 billion and ownership to about 13%. On Monday it pledged with Grab and Malaysia’s PETROS $1.85 billion in initial capital for AI infrastructure in Malaysia, targeting at least five gigawatts of computing capacity.
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