69
SoftBank has exited its Nvidia position, selling shares worth $5.8 billion to strengthen its financial backing for OpenAI. The move highlights a growing divide between AI hardware and software bets.
The Japanese firm reported quarterly profits of 2.5 trillion yen, boosted by rising AI valuations. It also liquidated part of its T-Mobile holding to fund its AI expansion strategy.
CFO Yoshimitsu Goto said the firm must invest over $30 billion into OpenAI this year, requiring the sale of other assets. “It’s a reallocation of focus, not a loss of confidence in Nvidia,” he explained.
Following the announcement, Nvidia’s shares fell 3.5%, fueling a broader decline in tech stocks as investors adjusted expectations for AI’s near-term growth.