SoftBank shares plunge 10% amid broader tech sell-off

Key points

• CANADA - 2025/08/07: In this photo illustration, the SoftBank Group (Soft Bank) logo is seen displayed on a smartphone screen.
• (Photo Illustration by Thomas Fuller/SOPA Images/LightRocket via Getty Images) Shares of SoftBank fell 10% following an overnight sell-off in the U.S. market on the back of wider profit taking in the tech sector.
• Other Asian tech giants, including TSMC and Foxconn, also saw their share prices fall.
• While the Japanese investment giant recently overtook Toyota Motor as Japan's most valuable company, there are market concerns over SoftBank's high-risk bets on AI, even as its share price has risen about 70% year-to-date on investor enthusiasm over the new technology.
• SoftBank CEO Masayoshi Son told CNBC he expects the AI revolution to be 50 times larger than the dot-com revolution of the 2000s.