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SoftBank Records $7 Billion Loss as Setbacks in the AI Trade Weigh on Performance - WSJ
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SoftBank recorded a $7 billion loss as setbacks in the AI trade weighed on its performance, according to the WSJ. The loss reflects the conglomerate's exposure to AI-related holdings, which have come under pressure. The result underscores how quickly sentiment in the AI trade can reverse and hit major backers. Investors will watch SoftBank's next earnings and any changes to its AI investment strategy for signs of stabilization.
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SoftBank, WSJ