Japan's SoftBank says it has sold its shares in Nvidia for $5.8 billion, turning its focus to OpenAI

Japanese technology giant SoftBank says it has sold its stake in Nvidia, raising $5.8 billion to pour into other investments.

SoftBank Shares Dive After Nvidia Sale Spooks AI-Wary Market

SoftBank Group Corp.’s stock slid as much as 10% after the tech investor’s exit from AI sector leader Nvidia Corp. spooked investors already nervous about climbing tech sector valuations.The Japanese company’s shares touched a one-month low during early morning trading in Tokyo.

Masayoshi Son No Longer Asia’s 3rd Richest—After Softbank Sells Nvidia Stake

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

Nikkei rises as SoftBank Group trims losses

TOKYO: Japan’s Nikkei share average rose on Wednesday, extending gains after SoftBank Group trimmed losses, while Sony Group helped the broader Topix to close at a fresh high on a robust annual profit forecast.

SoftBank's OpenAI wager in focus as analysts upgrade share price target

Technology investor SoftBank Group reports second quarter earnings results on Tuesday in the midst of feverish investment in artificial intelligence that has sent its share price soaring.

Softbank sells entire $5.8B Nvidia stake as it goes ‘all in’ on OpenAI bet

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.

SoftBank Group Posts $16.6 Billion Net Profit in Q2

TOKYO (Reuters) -Japan's SoftBank Group recorded a net profit of 2.5 trillion yen ($16.6 billion) for the July-September quarter, it said on Tuesday.
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