SoftBank Shares Rebound as CoreWeave Results Lift AI Sentiment, Even as China Blocks ABB Robotics Deal
Published on 11/11/2026 at 15:41 | Editorial boerse-global.de
SoftBank Group shares climbed 8.6% on Wednesday, recovering from early losses as a friendlier mood toward AI stocks took hold, according to media reports. The turnaround was tied to better-than-expected results from CoreWeave and speculation about the potential valuation of Anthropic in a possible IPO.
The gain came despite a regulatory setback disclosed by the company itself: China's foreign investment security review authority has blocked SoftBank's acquisition of ABB's Chinese robotics business. Earlier in the week, reports had put the advance at 9.9%, reflecting the same underlying recovery in Asian technology stocks after a rally on Wall Street. CNBC cited falling oil prices and renewed buying in semiconductor shares following the previous week's selloff as factors behind the sector-wide rebound.
A Loss Quarter Sets the Backdrop
For the second quarter of fiscal 2026 — covering July through September — SoftBank reported a net loss of ¥1.12 trillion, swinging from a net profit of ¥2.50 trillion in the same period a year earlier. The loss included a US$3.7 billion write-down tied to data center projects in the United States, meaning a major drag on the quarter stemmed from precisely the infrastructure segment in which SoftBank is preparing further investments.
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Quarterly revenue, by contrast, rose 16% to ¥2.2 trillion, up from ¥1.9 trillion a year earlier. Media reports attributed the bottom-line hit to the group's artificial intelligence investments.
Malaysia Venture Takes Shape
On Monday, SoftBank Group, Grab and Petroleum Sarawak Berhad (PETROS) signed joint development agreements for AI infrastructure in Malaysia. Under the terms, the partners propose an initial joint seed capital of US$1.85 billion, subject to certain milestones and closing conditions.
SoftBank is slated to contribute US$1 billion of that total, with Grab adding US$750 million and PETROS US$100 million. Funding is to be deployed in stages and remains tied to development milestones and completion conditions, the company said. Over the longer term, the partners are targeting at least 5 gigawatts of AI computing capacity, building on the joint development agreements for the planned infrastructure projects.
The arrangement underscores how SoftBank's AI ambitions now run through large, milestone-linked commitments — a structure that leaves room for both upside and delay.
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SoftBank Group Stock: New Analysis - 11 November
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