«Blasphemy Against AI»: Masayoshi Son Defends Trillion-Dollar Spending Amid Hardware Rally

Nervousness is growing on Wall Street regarding the ROI of multi-billion dollar investments in generative technologies (especially in light of OpenAI's $34 billion in spending). However, on June 24, 2026, SoftBank chief Masayoshi Son harshly shut down skepticism at the annual shareholders' meeting, calling any talk of an AI bubble "blasphemy against AI."

This religious rhetoric is backed by the dry figures from hardware manufacturers. On the same day, investors stabilized S&P 500 and Nasdaq futures, focusing on the upcoming earnings report from Micron Technology. While software companies are trying to figure out monetization and fighting off antitrust prosecutors, silicon infrastructure providers (HBM memory, tensor cores) are collecting real margins. Son's statements confirm that tech conglomerates have no plans to slow down CAPEX (capital expenditures). The willingness to burn money to capture the future AGI market has become the new normal, turning chipmakers into the primary beneficiaries of a "bubble" that no one wants to stop.

Source: SoftBank Group / Micron / Reuters