New Delhi, Nov. 5 -- Japan's SoftBank stock price fell over 13 per cent on Tokyo Stock Exchange on Wednesday, November 5, following a Wall Street sell-off driven by concerns over the high valuations of such firms.

SoftBank has wiped out almost $50 billion in market value over the past two days, with its shares falling more than 7 per cent on Tuesday as well.

However, SoftBank stock has proven to be a multibagger stock as it has surged nearly 206 per cent in just six months and 154 per cent in one year.

SoftBank has developed a diverse portfolio of AI-focused investments across infrastructure, semiconductor, and application segments.

The company holds a controlling stake in U.K.-based Arm Holdings, whose chip designs are integral to mo...