SoftBank Group Corp.’s stock slid as much as 10% after the tech investor’s exit from AI chipmaker Nvidia Corp. spooked investors already nervous about climbing tech-sector valuations.

Nvidia's latest round of share sales, which included SoftBank's $5.8 billion departure and other institutional cuts, led to inevitable rumors: Is the AI trade losing its appeal? Upon closer examination,

Asia-Pacific markets mostly climbed Wednesday, after Wall Street traded mixed on hopes of the U.S. government shutdown ending and a pullback in AI stocks.

US saw updates from Nvidia’s stake sale, Wendy’s closures, ADP jobs data, Trump’s remarks, CFPB ruling, and AMD’s AI outlook.

SoftBank has confirmed it sold its entire stake in Nvidia in October, offloading 32.1 million shares for $5.83 billion. The disclosure came Tuesday alongside the Japanese conglomerate’s latest earnings report.

Nvidia is out. OpenAI is in. Does that make sense?

Nvidia or OpenAI? The two companies are at the heart of the artificial-intelligence boom but Japan’s SoftBank Group has decided to sell its stake in the chip maker in order to fuel an even bigger bet on the ChatGPT developer.

SoftBank’s exit comes at a time when the market is increasingly questioning whether the billions flowing into AI infrastructure will translate into sustainable returns.