Nov 10, 2026 · 8 min
AI bets, blockbuster games and merger risk move markets
Softbank ADRs Fall, Take-Two Rises, Lumentum Drops as Price Target Lowered at UBS
The episode shows how investors are weighing costly AI infrastructure, uneven game demand and regulatory uncertainty across very different stocks.
- 1SoftBank’s data-center write-downs and rising expenses deepen investor concerns about AI valuations and demand.
- 2Take-Two shares rise as Grand Theft Auto 6 optimism outweighs weaker-than-expected NBA 2K27 bookings.
- 3Lumentum’s proposed Marvell acquisition faces roughly even odds as regulatory concerns and its long timeline persist.
Don't miss
Take-Two shares rise more than 5% even after NBA 2K27 misses bookings expectations, because investors see Grand Theft Auto 6 as a major upside catalyst.
The brief
SoftBank shares fall after a $7.1 billion quarterly loss tied to U.S. data-center investments, while rising interest expenses and weaker AI sentiment add pressure.
Take-Two rises more than 5% despite NBA 2K27 missing bookings expectations, as investors focus on the potential upside from Grand Theft Auto 6.
Lumentum investors weigh UBS’s lower price target against its proposed Marvell acquisition, with regulatory concerns and the deal’s long timeline clouding the outcome.
The Bloomberg Tech Minute widens the lens beyond stocks: Chinese electric-vehicle makers are bringing back physical controls as regulators scrutinize touchscreen-heavy designs.
Together, the movers show markets separating durable growth prospects from expensive bets, uncertain mergers and changing rules around technology design.
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