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

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 from Wall Street bank chiefs and a famed short seller.

SoftBank has been making waves in the investment world and has become one of the most significant financial beneficiaries of the current AI boom. Its Vision Fund reported a gain of ¥3.5 trillion in investments, much of which resulted from its OpenAI holdings, and is now estimated to total ¥2.16 trillion for the quarter.

I'll be hosting a discussion later today about the escalating debate around an AI bubble. First Trade contributor Will Edwards and I will break down both sides, and how to invest, depending on where you come out.

CNBC's MacKenzie Sigalos reports on news regarding OpenAI.

Mauro Goncalves Filho, SVP for AI RAN with SoftBank Telecom America Corp., highlighted a real-world use case for AI RAN.

SoftBank sold its stake in Nvidia and is all in on OpenAI. Here's what else we learned about the AI race in its earnings call.

Richard Kaye, portfolio manager at Comgest, comments on Softbank's quarterly financial results, the company's Nvidia stake sale, and why he continues to be bullish on the stock.