Gate News Report, March 10 — SoftBank’s stock plummeted 9.8% on Monday, more than twice the decline of the Japanese market, triggered by a Financial Times report that OpenAI and Oracle have abandoned plans to expand the Stargate data center in Texas. Over the past four months, SoftBank’s stock has nearly halved, and market concerns over its heavy investment in OpenAI continue to grow. Last month, SoftBank agreed to invest $30 billion in OpenAI’s latest $110 billion funding round, bringing its total investment to $64.6 billion and holding approximately 13%. Rating agency S&P downgraded SoftBank’s outlook to negative this month, citing liquidity concerns and the weak credit quality of OpenAI. Currently, more than half of SoftBank’s assets are non-listed, illiquid assets, and it is seeking transitional loans to cover investment gaps. Analysts point out that SoftBank is one of the most direct channels for retail investors to bet on OpenAI, but if market confidence in Masayoshi Son’s macro themes wavers, SoftBank often bears the brunt.
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