SoftBank Posts $7B Quarterly Lossy as US AI Data Center Charges Offset Intel Gains

SoftBank Group reported a net loss of $7.06 billion for the July-September quarter. The loss was primarily triggered by a $3.73 billion charge related to revised procurement for power equipment at its US AI data centers. SoftBank invested an additional $10 billion in OpenAI in October, bringing its total stake to $54.6 billion.