Morningstar

SoftBank Group Shares Fall After Quarterly Results, U.S. Tech Stock Declines

Provided by Dow Jones

By Kosaku Narioka 




  SoftBank Group shares fell sharply following its quarterly results and overnight declines in U.S. tech stocks. 



  SoftBank's shares were recently 4.5% lower at 21,670 yen on Wednesday in Tokyo after falling as much as 10% earlier. 



  U.S. tech stocks fell on Tuesday. U.K. chip-designer Arm Holdings, which is a unit of SoftBank, lost 3.3% and Nvidia fell 3.0% on the Nasdaq. 



  The Japanese technology investment company said after Tuesday's market close that it sold its entire stake in Nvidia for $5.8 billion last month to fund investments in OpenAI. 



  SoftBank Group's net profit more than doubled to 2.502 trillion yen, equivalent to $16.23 billion, for the three months ended September, driven by gains in its investment in the ChatGPT maker. 



  SoftBank has invested about $12.2 billion in OpenAI so far and plans to invest an additional $22.5 billion in December, to bring the total sum to $34.7 billion. SoftBank is set to hold an 11% stake in the ChatGPT maker following the planned investment in December. 





  Write to Kosaku Narioka at kosaku.narioka@wsj.com 





  (END) Dow Jones Newswires



  November 11, 2025 20:59 ET (01:59 GMT)


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