SoftBank needs the proceeds for other AI bets like the US$500 billion Stargate project to expand US data-centre capacity.

Softbank has dumped its entire $5.83 billion stake in AI chip supplier Nvidia as it pours more resources into its “all-in” bet on Sam Altman’s OpenAI.

The move has further stoked concerns among some investors that the rally in artificial intelligence stocks was overdone.

Softbank's Nvidia Dump Signals Return Of 'The Big Short'. Masayoshi Son's sudden U-turn on chipmaking sensation Nvidia is ...

Founder Masayoshi Son has been unwinding positions to pay for a plethora of AI projects, including Stargate data centres and ...

Softbank on Tuesday disclosed it had sold its entire $5.8 billion stake in Nvidia to fund its investments in ChatGPT-maker ...

The chairman and CEO of global tech investment giant SoftBank Group in Japan is Asia's biggest loser, according to Forbes’ Real-Time Billionaires List.