SoftBank (9984) Drops 9.2% Amid Asia Chip Stocks Sell-Off

Shares of SoftBank Group (9984) fell 9.2% as Asian tech stocks were impacted by a downturn in U.S. semiconductor shares. Other companies such as Tokyo Electron and Advantest also declined by 9% and 9.4%, respectively. Additionally, Kioxia's stock plunged over 14% following a $229 million patent infringement ruling. This sell-off in the technology sector raises concerns about AI spending and the sustainability of high valuations, which could lead to more widespread caution among investors.