SoftBank sinks 11% as Asia tech rout tracks declines in the U.S.

SoftBank's shares nosedived by 11%, leading a significant selloff across Asian tech stocks as worries about the escalating costs of AI infrastructure intensified. This decline mirrors broader market anxieties about the financial burden of advancing artificial intelligence, impacting not just SoftBank but also other major tech players like Apple. The turmoil underscores the growing concerns that the hefty investments required for AI could strain companies' balance sheets, raising questions about future profitability and growth potential in the tech sector.