SoftBank Shares Slide Up to 13% as AI Stocks Fall

SoftBank Group shares fell 13% in Tokyo, the biggest drop since July 17, after calls by the heads of Anthropic and OpenAI to slow AI development. The Philadelphia Semiconductor Index lost over 5%, Nvidia 3%, and AMD and Micron 4% each. SoftBank raised an $11.87 billion loan for OpenAI investments.

• SoftBank raised $11.87 billion from about 20 banks for two years
• Total OpenAI investment planned at about $65 billion by October
• Nasdaq 100 fell 1.2% to a six-week low
• CrowdStrike and Zscaler shares rose 12%