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00:02SoftBank shares fell nearly 6.87% Friday amid a global sell-off in AI-related stocks,
00:08capping a 20% weekly drop and raising almost $50 billion in market value,
00:12according to CNBC. The client filed renewed caution over AI valuations and uncertainty
00:17around OpenAI's funding prospects. Analysts said SoftBank, viewed as a listed proxy for OpenAI,
00:22is being hit as investors reassess expectations for the sector.
00:25Armed Holdings, in which SoftBank sold a controlling stake,
00:28also fell along with other chip and tech firms across Asia and the U.S.
00:32Analysts warned that soaring AI stock valuations are beginning to resemble the dot-com bubble,
00:37prices outpacing profit expectations.
00:40Newbeat strategist Laura Cooper said it's too early to call a bubble,
00:43learning that AI investments are supported by strong corporate balance sheets rather than speculation.
00:47For all things money, visit Benzinga.com.
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