StocksMedium•10 November 2026•
1 min read
AI Power Stocks Slump as SoftBank Discloses $3.7B Equipment Write-Down
Key Facts
1SoftBank Group disclosed a $3.7 billion write-down tied to power equipment procurement for AI data centers.
2Shares of GE Vernova and Bloom Energy fell as markets feared potential cancellations of turbine and equipment orders.
3GE Vernova holds a 122-gigawatt order backlog, which analysts suggest could buffer the impact of potential cancellations.
SoftBank Group disclosed a $3.7 billion write-down tied to power equipment procurement for AI data centers, according to ZeroHedge. The disclosure triggered a slump in shares of GE Vernova and Bloom Energy as markets feared potential cancellations of turbine and equipment orders, despite SoftBank denying previous allegations regarding defaults on turbine commitments.
GEV closed at $829.34 and BE closed at $193.88 on November 9, 2026, while SFTBY closed at $11.75 on the same date. UBS analysts noted that GE Vernova holds a 122-gigawatt order backlog, which could buffer the impact of potential cancellations by allowing the company to redirect equipment to other buyers.