GRAB — Grab Holdings Limited - Class A Ordinary Shares
Session close: $3.35. Regular-session share volume: 68,013,555. Change from previous close: -2.62%.
Key developments
Grab Holdings joined SoftBank in a seed plan targeting five gigawatts of AI compute capacity in Malaysia, with Grab committing a large sum to the Malaysian AI data-center bet. The stock fell following the announcement.
Company news Grab Holdings Stocks Fall 3.20% After $750 Million Bet on Malaysian AI Data Centers
Context: SoftBank reported a fiscal second-quarter net loss, citing higher U.S. AI data-center costs, rising financing expenses and declines in listed investments including Grab. SoftBank also flagged a proposed initial investment with Grab and PETROS in Malaysia among its planned AI infrastructure expansions, while noting rising borrowing costs, regulatory risks and changing data-center economics as challenges.
Company mentioned — Mentions GRAB in the article text. SoftBank's Profit Reversal Highlights Growing Financial Strain Behind AI Expansion
News sources
Company news Grab Holdings Stocks Fall 3.20% After $750 Million Bet on Malaysian AI Data Centers · Company news Toyota Liquidated Its Stake In Grab Holdings As Of September 30 · Company news SoftBank Group, Grab Holdings, Petroleum Sarawak Berhad Ink Agreement To Invest $1B To Develop AI Infrastructure In Sarawak, Malaysia