
SoftBank Sells Entire Stake in Nvidia for $5.83âŊBillion
âĒBy ADMIN
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Tokyo-based investment giant SoftBank Group Corp. has announced the sale of its entire holding in Nvidia Corp., fetching approximately US$5.83âŊbillion from the transaction.
The sale comes as SoftBank reports a sharply improved secondâquarter performance, with net profit rising substantially and revenues trending upward. The move underscores SoftBankâs strategic pivot toward artificialâintelligence investmentsâmost notably, increased focus on OpenAI and other AI infrastructure playsârather than holding equity in a single chipâmaker.
In detailing the transaction, SoftBank revealed it offâloaded roughly 32âŊmillion Nvidia shares in October. While some market watchers view the divestment as surprising, company executives maintain it was driven by bigger ambitions in the AI spaceânot necessarily concern over Nvidia itself.
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