TradingKey – During Asian trading hours on June 26, SoftBank Group’s share price plummeted by more than 14% intraday, closing at 6,226 yen, down over 12%, wiping out nearly 5.6 trillion yen in market value in a single day. The drop was attributed to reports that OpenAI, in which SoftBank has a heavy $65 billion stake, has postponed its IPO while its financial deficit continues to widen. Just recently, SoftBank CEO Masayoshi Son asserted in an exclusive interview with CNBC: ‘The next golden track to spawn a trillion-dollar market cap company will be Physical AI and humanoid robotics.’

[Source: TradingView]