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SoftBank Drops 10.6% to 7,434 Yen as US Tech Sell-Off Sparks Profit-Taking

Stocks AI Industry News

2026-06-04 06:37:17

According to CNBC, on June 4, SoftBank Group fell 10.6% to 7,434 yen (US$46) as a US technology sector sell-off spread to Asia and triggered profit-taking across tech and AI-linked stocks. The decline occurred despite SoftBank's shares gaining about 70% year to date and recently surpassing Toyota Motor as Japan's most valuable company. Investors expressed concern about risks tied to the company's aggressive AI investments.

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