SoftBank falls 14% amid tech sell-off

SoftBank's stock dropped by 14%, amidst a broad sell-off of tech stocks in Asia following news of the delay in OpenAI's IPO and investors' concerns over rising costs of AI infrastructure. This also impacted semiconductor companies such as Arm, SK Hynix, and Samsung. Additionally, tech companies are facing pressure due to rising component costs, especially chips, which are affecting profit margins of major corporations.

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