SoftBank wrote off about 31 cents of every dollar it prepaid for US data center power gear; rebates cover at most 72% and only if it keeps buying
SoftBank Group reported a $7 billion quarterly loss on Tuesday, including a $3.7 billion charge on power equipment it prepaid for US AI data centers.
Of the $9.5 billion it paid upfront, $2.9 billion is now written off. That is about 31 cents of every prepaid dollar. Rebates of up to $2.1 billion would recover at most 72% of that, but only on future equipment purchases. Buying turbines early looked smart until the plans changed.
https://www.ft.com/content/5ceed157-0016-4822-a272-8b607911da5e
Sources: Quartz: $3.7B charge; advance payments totaled $9.5B, balance $6.6B after $2.9B loss; rebates up to $2.1B on future purc · CNBC: net loss of 1.12 trillion yen; 597.2 billion yen ($3.7B) loss on US data center power equipment procurement · @BullTheoryio: SoftBank crashes 10% after a $7B quarterly loss including a $3.7B writedown on US data center power equip
Not financial advice. For informational and educational purposes only.
Cost per finished task is the number I'd watch after Google's Gemini 4 Carbon pricing.
Cost per finished task is the number I'd watch after Google's Gemini 4 Carbon pricing. A cheaper token only wins agent and coding workloads if it finishes the job in a similar number of tokens. Google announced Carbon availability on Nov. 10 for paid-tier Gemini…
Minerva is the most underrated thing $NVDA has announced this fall, and it actually speaks to what would change my mixed view on the…
Minerva is the most underrated thing $NVDA has announced this fall, and it actually speaks to what would change my mixed view on the company. If the threat to Nvidia is running AI factories getting too expensive, owning the ops layer that keeps…
97% of MARA's Q3 revenue came from bitcoin mining, per Seeking Alpha.
97% of MARA's Q3 revenue came from bitcoin mining, per Seeking Alpha. That tells me the stock still trades as a BTC proxy, and the AI story has to show up in revenue before I treat it as anything else.
End-of-day recap
Hotter-than-expected October inflation fueled Fed hike bets and hit tech stocks, while a leadership probe weighed on Nvidia.
A hotter-than-expected October CPI print pushed rates higher and tech lower on Nov 10, 2026, while Nvidia's leadership probe drove the session's heaviest trading. October CPI rose 0.4% month over month after 0.6% in September, cementing bets on a December Fed hike. Fed Governor Christopher Waller floated a larger half-point move if inflation worsens. The S&P 500 fell 0.38% to…