SoftBank Group has liquidated its complete stake in Nvidia for $5.8 billion, the company announced during a presentation for investors early Tuesday morning, instead redirecting capital toward OpenAI as part of a strategic pivot that underscores both the company’s bullish conviction on AI and CEO Masayoshi Son’s willingness to place massive, high-stakes bets on emerging tech. Nvidia stock fell 2% shortly after the opening bell.
SoftBank sold 32.1 million Nvidia shares in October, the company disclosed Tuesday alongside fiscal second-quarter earnings showing net profit more than doubling to 2.5 trillion yen, or approximately $16.6 billion. The windfall represented SoftBank’s best quarterly performance since July-September 2022, driven primarily by valuation gains in its OpenAI holdings, which totaled 2.16 trillion yen for the quarter.
