SoftBank has sold its Nvidia shares for $5.8 billion to fund its next major move in artificial intelligence through OpenAI. The sale signals a strategic transition from chip manufacturing to software-driven AI ventures.
Quarterly profits more than doubled to 2.5 trillion yen, reflecting the success of SoftBank’s AI-focused investments. The group also disposed of part of its T-Mobile stake to raise additional capital.
Chief Financial Officer Yoshimitsu Goto said the firm must deploy over $30 billion into OpenAI projects this year. “Our divestment has nothing to do with Nvidia itself,” he clarified.
Nvidia’s stock fell 3.5%, dragging down major tech indices as investors reassessed the sustainability of the AI stock surge.
SoftBank Cuts Ties with Nvidia to Expand $30 Billion OpenAI Bet
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