Softbank Drops 40% As Investors Dump AI Bet
Yahoo Finance·2025-11-26 23:55

Steve Jennings / Getty Images Entertainment via Getty Images Softbank CEO Masayoshi Son stood next to President Trump, OpenAI CEO Sam Altman, and Oracle (NASDAQ: ORCL) founder Larry Ellison when they announced the Stargate project in January. The plan was to invest 500billionindatacenters.Lastmonth,SonuppeditscompanysinvestmentinOpenAIto500 billion in data centers. Last month, Son upped its company’s investment in OpenAI to 30 billion. He sold all of Softbank’s Nvidia (NASDAQ: NVDA) share ownership for $5.83 billion to help pay for that decision. Quick Read Softbank Is On ...