Japan's SoftBank Shares Dive Nearly 20% This Week As AI Bubble Jitters Rattle Global Tech Stocks - Global X Artificial Intelligence & Technology ETF (NASDAQ:AIQ), ABB (OTC:ABBNY)

Shares of Japan’s SoftBank Group (OTC:SFTBY) declined by 7% on Friday amid a broader slump in AI-related stocks driven by valuation concerns.This comes after SoftBank gained 2.9% in the previous trading session, following a 10% plunge on Wednesday. This week alone, the stock has wiped nearly 20% off its value, which is nearly $51 billion from the tech conglomerate’s market cap. The stock closed down at JPY 21,700 ($ 141.36) on Friday.Lofty Valuation Concerns Spark Sell-OffThe mega-deals and enthusiasm around ...