48
SoftBank has sold its $5.8 billion stake in Nvidia to boost funding for its growing OpenAI investments. The sale, announced during its quarterly report, marks a bold repositioning in the AI race.
The group posted a profit of 2.5 trillion yen for the quarter, doubling last year’s figures thanks to AI-driven valuation increases. The proceeds from Nvidia and T-Mobile stake sales will help fuel SoftBank’s next phase of growth.
CFO Yoshimitsu Goto emphasized that the move was strategic, not reactive: “We’re not losing faith in Nvidia; we’re preparing for OpenAI’s next evolution.”
Markets reacted sharply, with Nvidia shares dropping 3.5% and the Nasdaq slipping nearly 1% amid profit-taking across tech names.