SoftBank Group is trading 9.9% down at $37.50 after Anthropic and OpenAI leaders urged slower AI development, raising concerns about sector valuations.
- OpenAI CEO Sam Altman reportedly said the company will not seek a public listing in 2026, potentially delaying liquidity expectations for SoftBank’s investment.
- A broader technology selloff and weaker U.S. market added pressure.
- The reversal follows a sharp rally last week; the catalyst is primarily company exposure and sector-related, not a reported earnings event.