After riding Nvidia’s record-breaking surge, SoftBank has sold its $5.8 billion stake to fund massive investments in OpenAI. The Japanese tech group believes its future lies in AI innovation rather than semiconductor speculation.
The sale was disclosed in SoftBank’s quarterly report, which also revealed net profits of 2.5 trillion yen. The company’s valuation gains were driven largely by AI assets, underscoring its pivot to intelligent software.
CFO Yoshimitsu Goto explained that more than $30 billion must be mobilized for OpenAI investments. He insisted the Nvidia sale was unrelated to concerns about the chipmaker itself.
The announcement knocked Nvidia shares down 3.5%, while the Nasdaq Composite lost 0.85%, reflecting investor jitters over AI valuations and profit-taking.
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