SoftBank prepares for potential slowdown in US data centers

SoftBank's caution is notable because it comes from one of the most aggressive backers of AI infrastructure, not a marginal player, so the move signals that even committed capital is stress-testing its assumptions about US data-center demand. The read-across lands on the wider buildout ecosystem — developers, operators and the financing behind capacity — where sentiment has been running well ahead of confirmed demand. The item offers no scale or timing, which is itself the point: whether this is prudent contingency planning or the leading edge of a broader pullback is the open question worth watching.