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GE Vernova Shares Fall and SoftBank Writes Down $3.7 Billion

CNBC · ·by G4L

GEV GE Vernova Inc
$797.04 -3.89%
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  1. 1SoftBank wrote down $3.7 billion on Tuesday regarding its strategy for US AI data center power equipment.
  2. 2GE Vernova shares closed down less than 4% on Tuesday.
  3. 3GE Vernova stated that SoftBank's announcement has no impact on sales slots or its financial condition.

So what's the key point?

SoftBank recorded a $3.7 billion loss related to its AI data center power equipment business. GE Vernova shares fell more than 4%, but the company stated there is no impact on sales or its financial condition.

Source CNBC · View original ↗

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