GRAB — Grab Holdings Limited - Class A Ordinary Shares
Session close: $3.33. Regular-session share volume: 52,333,897. Change from previous close: -0.60%.
Key developments
Grab is joining SoftBank and PETROS in a multi-billion-dollar AI infrastructure joint venture in Malaysia centered on large-scale AI compute capacity, tying into the country's data-center ambitions. Grab's shares fell after reports of a large bet on Malaysian AI data centers. SoftBank's own results were pressured by rising AI data-center costs and financing expenses, and it flagged the proposed Malaysia investment with Grab and PETROS among planned AI infrastructure expansions.
Company news Grab Holdings Stocks Fall 3.20% After $750 Million Bet on Malaysian AI Data Centers · Company mentioned — Mentions GRAB in the article text. SoftBank Group (TSE:9984) Commits $1 Billion To Malaysia AI Infrastructure · 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