SoftBank reported a $7.1 billion quarterly loss, with over half due to losses on power-generating equipment tied to natural gas turbines. The company had over-ordered turbines by nearly 50% to secure supply for AI data center power needs, but demand for natural gas power has slowed as data centers reconsider grid connections and battery storage. This costly overcommitment reflects the challenges in predicting AI's energy demands and the risks of relying heavily on natural gas. Despite the loss, the natural gas market remains strong, though SoftBank may have reached its investment limit in this area.
SoftBank's billion-dollar loss offers context for energy markets. For readers following energy stocks, here is Pluang's market snapshot as of Nov 12, 2026 22:51 WIB: 49 of 79 energy-sector US stocks rose while 30 fell. Notable moves include VG at USD 13.29 (+4.98%), DNN at USD 2.10 (-4.34%), and NXE at USD 7.97 (-4.21%).
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