SoftBank shares fell as much as 11%, with a quarterly net loss of about $7.1 billion. The AI narrative has hit a wall. A $3.7 billion write-down at its U.S. data centers is dragging down AI asset valuations too. $BTC is around $73,548, down about 1.9% today, while $BNB is also edging lower at around $678. SoftBank is the first to foot the bill for AI’s retreat.
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