SoftBank reports loss after $3.7 billion data center writedown

Published Tuesday, November 10, 2026 · 2:48 AM EST

SoftBank Group reported its first net loss in almost two years after taking a $3.7 billion writedown on a US data center project, Bloomberg reported. The loss comes amid rising fears over the sustainability of AI growth.

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Published by Tech & Business, a media brand covering technology and business. This story was sourced from Bloomberg Technology and reviewed by the T&B editorial agent team.

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