软银集团将于周二公布季度财报，在人工智能股票遭到抛售以及其对ABB机器人业务的收购被中国阻止之后，投资者正密切关注该公司将为其战略提供多少安抚。
Group (9984.T) reports quarterly earnings on Tuesday, with investors wondering how much reassurance it will offer about its strategies amid a rout in AI stocks and after its takeover of ABB’s (ABBN.S) robotics unit was blocked by China.
这家日本科技投资公司在人工智能领域的大举押注——特别是斥资646亿美元收购OpenAI 13%的股份——引发了人们对其能否很好地度过该行业挫折的疑问。
The Japanese tech investment firm's big bets on artificial intelligence — particularly the $64.6 billion it has spent on a 13% stake in OpenAI — have raised questions about how well it will be able to weather setbacks for the sector.
民主党在美国中期选举中的全面胜利加剧了人们对监管审查以及数据中心建设延迟的预期，从而加剧了对人工智能行业回报的怀疑。
The Democratic Party's sweeping success in US midterm elections has heightened expectations of regulatory scrutiny and delays to building data centres, increasing scepticism about returns for AI industry.
研究公司Futurum Group半导体与基础设施负责人罗尔夫·布尔克表示：“近期的建设、这一切将如何具体融资、是否能够获得电力供应、将在何处部署，这些问题在六个月前比今天要容易回答得多。”
"The near-term buildout and how exactly everything is going to be financed, whether it can be energized, where it will be deployed, are questions that were much easier to answer six months ago than today," said Rolf Bulk, head of semiconductors and infrastructure at research firm Futurum Group.
人工智能行业的健康状况对软银具有重大影响，该公司已在人工智能模型开发商、数据中心基础设施、半导体和机器人技术领域进行了投资。
The health of the AI industry has huge implications for SoftBank, which has made investments across AI model developers, data centre infrastructure, semiconductors and robotics.
该公司以令人咋阔的高收益率承担了债务，截至6月底，软银净有息负债为10.8万亿日元（合680亿美元），而一年前为6.6万亿日元。
It has taken on debt at eye-popping yields and at the end of June, SoftBank had net interest-bearing debt of 10.8 trillion yen ($68 billion) compared to 6.6 trillion yen a year earlier.
对人工智能行业的担忧导致软银股价在周五下跌11%，而为其债务投保违约险的成本则触及四年高位。其股价在周一下跌了4.2%，今年迄今已下跌23%。
The worries about the AI sector pulled SoftBank's shares 11% lower on Friday while the cost of insuring its debt against default hit a four-year high. Its shares fell 4.2% on Monday and are down 23% for the year to date.
软银的财报业绩波动巨大且难以预测。LSEG调查的三位分析师对7月至9月净利润的预测从盈利2330亿日元（合15亿美元）到亏损1130亿日元不等。
SoftBank's earnings results are highly volatile and difficult to predict. Forecasts from three analysts polled by LSEG for July-September net profit range from a gain of 233 billion yen ($1.5 billion) to a loss of 113 billion yen.
财报数据预计将于格林尼治标准时间06点30分发布，首席财务官后藤芳光的简报会将于格林尼治标准时间07点30分开始。
Earnings numbers are due out at 0630 GMT and a briefing by CFO Yoshimitsu Goto will commence at 0730 GMT.
由于软银一些最大持股（例如为贷款提供抵押品的芯片设计公司Arm）的价值已经下跌，投资者也在寻找有关未来债务融资前景的指导。
Investors are also looking for guidance on prospects for further debt-based financing as the value of some of SoftBank’s largest holdings such as chip designer Arm (O9Ty.F), which provide collateral to take out loans, has fallen.
杰富瑞分析师阿图尔·戈亚尔上个月在的一份报告中写道，Arm股价明显低于200美元，这加大了软银财务状况的压力。该股周五收于175美元，自6月份创下历史新高以来已下跌约60%。
Arm’s shares meaningfully below $200 increases pressure on SoftBank’s finances, Jefferies analyst Atul Goyal wrote in a note last month. They stood at $175 on Friday, having fallen around 60% since a record high in June.
Futurum公司的布尔克表示，软银可能会采取更加防御性的姿态。
SoftBank could adopt a more defensive posture, said Futurum’s Bulk.
他说：“软银可能会发现自己处于不得不停止投资、去杠杆甚至抛售部分持仓的境地。当然，这是他们过去曾做过的事情。”投资者还将寻找软银可能发表的评论，了解其计划如何应对中国阻止其以54亿美元收购ABB机器人业务的举动。
“SoftBank may find itself in a position where they have to stop investing, de-lever and even sell down some of their positions,” he said. “Of course this is something they have done in the past.”Investors will also be looking for potential comments by SoftBank on how it plans to respond to China's blocking of its $5.4 billion takeover of ABB’s robotics division.
据一位知情人士透露，ABB和软银此前对找到解决方案持乐观态度，且软银也正在与中国当局进行会谈。据彭博社报道，两家公司正在权衡是否剥离中国业务。
ABB and SoftBank were optimistic they could find a solution and SoftBank is also in talks with Chinese authorities, according to a person familiar with the matter. The companies are weighing whether to carve out the China business, Bloomberg News has reported.