SoftBank shares swing after $7.1B quarterly loss, $3.7B data-center writedown

TREE NEWS reports: SoftBank shares fell as much as 11% in early Tokyo trading Tuesday after the Japanese tech investor reported a ¥1.12 trillion ($7.1 billion) net loss for its second fiscal quarter, tied mainly to non-refundable prepayments for power-generation equipment at a US data-center project, including a $3.7 billion impairment. The stock later reversed to a 0.8% gain as better-than-expected results from AI compute supplier CoreWeave and reports that Anthropic’s bankers are weighing a higher IPO valuation lifted sentiment across the sector.