According to CoinMeta, SoftBank reported its first net loss in nearly two years, with a loss of 1.12 trillion yen (about $7.1 billion) in the second fiscal quarter, a significant reversal from its profits in the same period last year. Concerns about spending and demand in the field of artificial intelligence have impacted SoftBank's major holdings. The stock prices of chip manufacturer ARM and Intel, as well as South Korean e-commerce giant Coupang, declined, dragging down SoftBank's overall performance. The "Vision Fund" department, which manages equity in hundreds of tech startups, recorded a loss of 81.6 billion yen. Since reaching a record high in June, SoftBank's stock price has fallen by more than 50%.