SoftBank Group Corp. shares fell for a second day, following a sharp selloff in US technology shares and as concerns over its investment in Intel Corp. continued to weigh on the company.

Intel stock falls as the company seeks more investors after SoftBank deal and Trump administration considers equity stake.

Current and former OpenAI employees plan to sell approximately $6 billion worth of shares to an investor group that includes Thrive Capital, SoftBank Group Corp. and Dragoneer Investment Group, in a deal that values the ChatGPT maker at $500 billion.

Shares of SoftBank Group ended Friday 10.39% higher at 13,865, paring gains from its record of 14,390 earlier in the session following the company's higher-than-expected fiscal first-quarter profit. SoftBank shares have extended gains to a fourth straight session, and closed at a record high on Thursday, before the company released its earnings.

Intel shares rose after SoftBank Group announced a $2 billion equity investment, while reports suggest the Trump administration is weighing a separate plan to a

Hon Hai Precision Industry Co. will operate a US factory owned by SoftBank Group Corp., setting up what’s in the running to be the first manufacturing site in the Japanese company’s $500 billion Stargate venture with OpenAI and Oracle Corp.