• TRM (USD/COP)COP 3,235.59 +1.65% +COP 52.60Colombia's official exchange rate (Financial Superintendence), valid Nov 4 to Nov 4
  • EuroCOP 3,617.08 +1.72% +COP 61.02Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote
  • Mexican pesoCOP 173.98 +3.35% +COP 5.64Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote

SoftBank loses half its market value from peak on fears of an AI crash

FinanceInternationalTradingView30 s readAI summary
Image: TradingView

SoftBank's market value has halved from its all-time highs in June. The Japanese conglomerate's capitalization has fallen below 25 trillion yen (about 140 billion euros) and its shares plunged almost 7% on Thursday. Investor fears over the sustainability of the AI ecosystem and rising financing costs are hitting the group, whose five-year CDS are at four-year highs, implying a default risk above 20%.

In 30 seconds

  • SoftBank has lost half its market value since June's peak and trades below 25 trillion yen
  • Its shares fell almost 7% in Thursday's session
  • Five-year CDS are at four-year highs, around 420 basis points, implying default risk above 20%
Read the full story at TradingView

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

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