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SoftBank shares fall amid AI funding worries
SoftBank Group's shares fell by 3.1% to 6,154 Japanese Yen after developments in a massive data center project in New Mexico revealed potential delays due to energy security issues, particularly for the Jupiter complex linked to the $500 billion AI infrastructure initiative "StarGate." Oracle issued a legal notice to protect itself from payment obligations should the project’s startup be delayed beyond the planned 2028, raising questions about whether large-scale financing can meet deadlines amid energy, construction, and funding constraints. SoftBank is also facing challenges in relying on project financing for its AI ventures, having raised $11.1 billion through bond offerings this week to expand investments in this sector, while investor concerns grow over the availability of funding and the timing of large technological projects.
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