SoftBank has divested its entire $5.83 billion stake in Nvidia, selling 32.1 million shares in October to focus on a substantial $22.5 billion investment in Sam Altman’s OpenAI. The decision, confirmed by SoftBank’s CFO Yoshimitsu Goto, comes amid discussions of potential overvaluation in AI firms like Nvidia, raising concerns about the sector’s bubble status. This strategic move also included a partial sale of SoftBank’s $9.17 billion stake in T-Mobile, with proceeds earmarked for various investments. CEO Masayoshi Son previously declared an “all-in” commitment to OpenAI, aiming to position SoftBank as a leader in artificial superintelligence. Notably, SoftBank reported a second-quarter profit of 2.5 trillion yen ($16.6 billion), largely driven by OpenAI’s rising valuation. Additionally, SoftBank is involved in President Trump’s $500 billion “Stargate” AI infrastructure initiative, signaling a robust commitment to developing cutting-edge AI technology.
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