SoftBank's shares experienced their steepest intraday decline in over three months after reports suggested OpenAI's IPO might face delays due to tech stock volatility.

SoftBank Group plunged, leading a broad selloff in Asian technology stocks amid mounting concerns over the rising cost of artificial intelligence infrastructure.

SoftBank shares dropped 12% on OpenAI IPO delay fears. With over $60B invested and a negative S&P credit outlook, the stakes couldn't be higher.