SoftBank Group Shares Extend Slide on Report of OpenAI’s $50 Billion Revenue (Stock Market on the 9th)

The story

The Nikkei Stock Average fell for a modest third straight day in the Tokyo stock market on the 9th, closing at ¥69,030.92, down ¥11.19 from the previous day. AI and semiconductor stocks were sold. Buying interest was weak in the morning, but after selling subsided, dip-buying emerged and the decline narrowed.

The Nikkei's decline exceeded ¥800 at one point in the morning, but the index recovered toward the afternoon session. Overall, however, trading was driven by movements in technology stocks.

At a glance

PeriodReported as an event in the Tokyo stock market on the 9th.

CompanySoftBank Group

FiguresNikkei 225 close: ¥69,030.92, down ¥11.19 from the previous day, or 0.02%

TrendIt was reported that AI and semiconductor stocks were sold.

BasisOpenAI's annualized revenue was reported at $50 billion.

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