SoftBank Group shares fell as much as 11% after posting a $7 billion loss. Odaily reports that SoftBank Group's shares fell as much as 11% after the Japanese technology investment giant reported its first net loss in nearly two years, attributed to a $3.7 billion write-down of its U.S. data center projects and a decline in the valuation of its artificial intelligence (AI) related assets. On Wednesday, the stock fell as low as 3,465 yen in Tokyo. In the fiscal quarter ending in the second quarter of this year, SoftBank Group swung from profit to loss, posting a loss of 1.12 trillion yen (approximately $7.1 billion). This loss stemmed from a write-down of some prepayments—prepayments originally intended for the purchase of power equipment to support its 8-gigawatt (GW) project in Ohio and other U.S. data center projects—which became unrecoverable due to project changes.