Shares of Japan’s SoftBank Group
resumed their slide on Friday, following a broader slump in AI-related stocks as investors once again grew wary of the sector’s lofty valuations.
The group, which holds a wide range of AI investments across infrastructure, semiconductor, and application companies, dropped over 8%.
This comes after SoftBank’s shares gained nearly 3% in the previous session, having plunged 10% on Wednesday and clocking their worst day since April.
Other Japanese tech stocks also declined. Semiconductor testing equipment maker Advantest fell over 6%, chipmaker Renesas Electronics fell nearly 4%, Tokyo Electron, a chip production equipment maker, fell 1.46%.
