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SoftBank Sells $5.8 Billion Stake in Nvidia

Japan's SoftBank says it has sold its shares in Nvidia for $5.8 billion, turning its focus to OpenAI

Japanese technology giant SoftBank said Tuesday it has sold its stake in Nvidia, raising $5.8 billion to pour into other investments.

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Nvidia Shares Dip 2% After SoftBank Sells Entire Stake

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SoftBank fully cashed out its Nvidia stake for an even bigger AI bet

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SoftBank's $5.8 billion Nvidia stake sale stirs fresh AI bubble fears

SoftBank Group's $5.8 billion sale of its Nvidia stake jolted stock markets on Tuesday, stoking fears that the frenzy around artificial intelligence may have peaked, especially after recent warnings f...

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SoftBank Sells Its Nvidia Stake for $5.8 Billion

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Will SoftBank Regret Selling Off Nvidia Again?

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SoftBank profit more than doubles to $16.6 billion on OpenAI gains

SoftBank reported on Tuesday second-quarter net profit more than doubled to 2.5 trillion yen ($16.6 billion), driven by valuation gains in its OpenAI holdings.

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SoftBank offloads $5.8B stake in Nvidia to free up cash for OpenAI investment

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SoftBank unloads entire stake in Nvidia for $5.8B

Why did SoftBank sell off its Nvidia stake?

For years, Son has talked about SoftBank’s strategy to invest in the “computing platforms of the future,” including artificial intelligence. His firm amassed a reported $4 billion stake in Nvidia back in 2017, only to dump the shares in 2019.

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Nvidia now worth more than Japan’s entire economy — just 30,000 employees vs 124 million people

Nvidia's market value has soared to nearly $5 trillion, eclipsing Japan's entire annual economic output. This AI chip giant's valuation now rivals Germany's economy, reflecting immense investor confidence in artificial intelligence.