SoftBank shares plunge 10% as Asian AI-linked stocks slide on valuation jitters

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A pistillate uses her mobile telephone arsenic she walks past the logo of Japan's telecommunications elephantine SoftBank successful Tokyo connected December 25, 2013.

Toru Yamanaka | Afp | Getty Images

Shares of Asian AI-linked companies fell Wednesday, tracking declines successful U.S. peers, arsenic investors turned wary of stretched valuations successful the market's astir crowded trades.

Shares of SoftBank fell 10%, portion Advantest declined implicit 8%.

That comes aft Palantir dropped astir 8% overnight, adjacent aft topping expectations for the 3rd quarter, arsenic sky-high valuations for the U.S. bundle institution — and the broader AI taxable — deed capitalist sentiment.

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