• TRM (USD/COP)COP 3,297.07 +0.83% +COP 27.19Colombia's official exchange rate (Financial Superintendence), valid Nov 11 to Nov 12
  • EuroCOP 3,653.47 -0.36% -COP 13.38Reference: TRM crossed with the European Central Bank rate of Nov 12; not the market quote
  • Mexican pesoCOP 176.40 +0.09% +COP 0.16Reference: TRM crossed with the European Central Bank rate of Nov 12; not the market quote

SoftBank falls nearly 59% from highs as its Arm exposure cuts into its net asset value

FinanceInternationalXTB.comAI summary
Image: XTB.com

SoftBank shares have fallen nearly 59% from their June highs, when they traded at ¥9,074, to ¥3,738 at the November 12 close, amid a correction in artificial intelligence-linked companies. The Japanese conglomerate depends heavily on its stakes in companies such as Arm and OpenAI, and uses the value of some of them to obtain financing. Its net asset value (NAV) went from ¥72.3 trillion in June to an estimated ¥44.7 trillion using November 9 prices.

In 40 seconds

  • SoftBank fell nearly 59% from its June highs: from ¥9,074 to ¥3,738 at the November 12 close.
  • Arm declined 49.5% between June 2 and November 11, versus 7.5% for the Nasdaq 100.
  • SoftBank's NAV dropped from ¥72.3 trillion to an estimated ¥44.7 trillion, with Arm explaining about 90% of the net reduction.
Read the full story at XTB.com

IASummary generated by artificial intelligence from a story by XTB.com. It may contain errors: the original source prevails.

Comments

Be respectful. Comments reported by several people are hidden until a moderator reviews them.

You do not need an account to read, only to comment. Sign in with a code sent to your email or with your Google account. We only show the name you choose, never your email.

    Keep reading