SoftBank sells entire $5.8B NVIDIA stake
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Masayoshi Son, the 68-year-old CEO of SoftBank, has a mixed track record when it comes to massive, high-stakes investments.
SoftBank Group has sold $5.8 billion sale of Nvidia stake reigniting fears around the AI bubble. Recently, Wall Street bank chiefs and notable short seller Michael Burry have raised warnings around risks from a bubble.
Technology investor SoftBank Group reports second quarter earnings results on Tuesday in the midst of feverish investment in artificial intelligence that has sent its share price soaring.
SoftBank Group Corp.'s early OpenAI investment drives Q2 earnings and offers rare AI exposure. Click for more on SFTBY stock prospects.
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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?