SoftBank offloads entire $5.83 billion Nvidia stakes to raise cash for new AI investments

SoftBank sold its entire holding in Nvidia for $5.83 billion in October, according to the earnings announcement shared Tuesday. The sale included 32.1 million Nvidia shares, and it came as the Japan‑based group prepared new large‑scale spending focused on OpenAI and other artificial intelligence companies. SoftBank also reported that it sold part of its T‑Mobile stake for $9.17 billion in the same period. The decision was not framed as backing away from Nvidia’s role in the AI industry, but rather as securing funding for the company’s next chapter of investment. Chief Financial Officer Yoshimitsu Goto said during the investor briefing that SoftBank wants to give investors room to invest while still keeping a strong financial position. Yoshimitsu said the firm uses these sales to make sure it is “ready for funding in a very safe manner,” adding that the sale fits into its broader plan of “asset monetization,” meaning SoftBank...

https://www.cryptopolitan.com/softbank-sells-all-its-nvidia-stock-holdings/