SoftBank Sells Its Entire Nvidia Stake for $5.8 Billion
SoftBank Group Corp. sold its entire stake in Nvidia Corp., pocketing $5.83 billion to help bankroll envisioned AI investments at a time investors are questioning the sheer amounts of capital...
By Bloomberg · Bloomberg
SoftBank Group Corp. sold its entire stake in Nvidia Corp., pocketing $5.83 billion to help bankroll envisioned AI investments at a time investors are questioning the sheer amounts of capital chasing a technology with uncertain future returns. The Nvidia stake sale highlights how founder Masayoshi Son needs money to chase a plethora of projects that range from Stargate data centers to AI robot manufacturing sites in the US. Bloomberg’s Peter Elstrom reports.