SoftBank sells its entire stake in Nvidia for $5.83 billion

Comments

• NotSteve_@piefed.ca ⁨4⁩ ⁨months⁩ ago

  ″[SoftBank] made a point of saying that it wasn’t any view on NVIDIA... At the end of the day, they are using the money to invest in other AI related companies,” he said

  Important bit of info for people who are just seeing the title :(

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• skip0110@lemmy.zip ⁨4⁩ ⁨months⁩ ago

  They did the same in 2019 (note the date on the article)

  cnbc.com/…/softbank-vision-fund-sells-nvidia-stak…

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• JoMiran@lemmy.ml ⁨4⁩ ⁨months⁩ ago

  Image

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  • Artisian@lemmy.world ⁨4⁩ ⁨months⁩ ago

    Read on; they’re investing in openAI instead.

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• BananaTrifleViolin@lemmy.world ⁨4⁩ ⁨months⁩ ago

  Knowing when to exit a bubble is a real strength.

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  • JackLSauce@lemmy.world ⁨4⁩ ⁨months⁩ ago

    They’re moving most of the money to Open AI and a minority of it to a (presumably AI) company called Ampere

    The corroborating story I found is a bit more explicit that this isn’t an exit:

    barrons.com/…/softbank-openai-nvidia-stake-ai-503…

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    • oyo@lemmy.zip ⁨4⁩ ⁨months⁩ ago

      Jesus Christ that’s a bad idea.

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• l_isqof@lemmy.world ⁨4⁩ ⁨months⁩ ago

  don’t blame them, tbh

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• waigl@lemmy.world ⁨4⁩ ⁨months⁩ ago

  Bullish news for nVidia? Softbank’s investment decisions sometimes seem to rival Jim Cramer’s advice…

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  • Voroxpete@sh.itjust.works ⁨4⁩ ⁨months⁩ ago

    Oh, this is absolutely full grade Softbank insanity.

    They’re selling their stake in Nvidia… to go all in on OpenAI.

    You can’t make this shit up. They’re so bullish on AI that they decided to sell their stake in the only company actually guaranteed to make money on this bullshit in order to throw it into Sam Altman’s money pit.

    How Masayoshi Son still has money is completely beyond me at this point.

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