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Euronews
Euronews
Catherine Lafferty

SoftBank ditches Nvidia in favour of deeper dive into AI

SoftBank Nvidia Yoshimitsu Goto OpenAI

Japanese multinational investment company SoftBank said it had sold its remaining stake in Nvidia for $5.83 billion (€5bn) as it pivots towards AI investments.

SoftBank also reported stronger-than-expected earnings for the three months to 30 September, posting a net profit of ¥2.5 trillion (€14bn), more than double the ¥1.18 trillion (€6.6bn) recorded a year earlier.

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