In October, SoftBank sold its USD 5.8 billion stake in Nvidia, divesting 32.1 million shares to fund its significant USD 30 billion investment in AI, particularly with OpenAI. CFO Yoshimitsu Goto clarified that the sale was not a reflection on Nvidia’s performance but a necessity for capital raising. This divestment aligns with SoftBank’s broader strategy to gather funds for projects like the USD 500 billion Stargate data centre collaboration with OpenAI and Oracle. Notably, SoftBank’s early USD 7.5 billion commitment to OpenAI contributed to a record quarterly profit of ¥2.5 trillion ($24.9 billion) in September, more than double the previous year’s figures. SoftBank’s stock has surged over 200% this year, with a 4-for-1 split set for January 1. However, Nvidia shares dipped over 3% post-announcement, reflecting market concerns over potentially inflated AI valuations.
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