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The Latest Breaking News from SoftBank

OpenAI Keeps Eyes Locked On 2030 Despite The Mind-Boggling Amount Of Money It Lost Last Month

OpenAI completed a major corporate restructuring of its for-profit division last week that highlights the company's vision ahead of 2030. This comes as the company recorded a staggering loss of $11.5 billion in most recent quarter, according to an analysis of financial disclosures from major partner Microsoft.

Benzinga

Global markets struggle after tech sell-off and fears over Chinese economy

Reaction follows Wall Street’s worst day in a month and unprecedented slump in investment in China

The Guardian - US

SoftBank sells its entire Nvidia stock - could this be the start of the AI bubble bursting?

SoftBank sells Nvidia shares to fund OpenAI and robotics investment, raising market concerns amid AI bubble warnings.

TechRadar

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SoftBank just sold its entire $5.83 billion stake in Nvidia but I'm sure it'll all feed back into Team Green's pockets before long

That's one big horse to bet against.

PC Gamer

SoftBank Swaps Nvidia For OpenAI — Is The Hardware Play Done?

SoftBank (OTCPK:SFTBY) just made one of the boldest trades in the AI era — selling $5.8 billion worth of Nvidia Corp (NASDAQ:NVDA) shares to fund a $22.5 billion commitment to OpenAI. On paper, it looks like Masayoshi Son is ditching the shovel-maker in the middle of a gold rush.

Benzinga

European shares hit record highs on US shutdown progress

European stocks rallied to new record highs as optimism grew over a US government shutdown resolution and strong corporate earnings. Gains were led by healthcare and luxury sectors, while UK bond yields rose amid political uncertainties. Currency and commodity markets showed mixed signals.

Euronews

SoftBank Dumps £4.7 Billion Nvidia Stake To Double Down On ChatGPT Maker OpenAI

SoftBank sells its £4.7 billion Nvidia stake to invest heavily in ChatGPT-maker OpenAI, signalling a major shift in global AI and technology strategy. Find out why.

International Business Times UK

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UK gets record demand at government debt auction; FTSE 100 index sets new closing high – as it happened

Sale of index-linked debt sees record demand, while UK bond yields are only marginally higher on the back of ‘political chaos’

The Guardian - UK

SoftBank Offloads Nvidia Stake for $5.8B, Trims T-Mobile Holdings to Fund $22.5B OpenAI Investment

SoftBank is divesting assets, including Nvidia and T-Mobile shares, to fund its $22.5 billion investment in OpenAI, highlighting its shift towards AI focus.

International Business Times UK

SoftBank Is Selling Nvidia Stock. Should You?

Nvidia stock sinks as SoftBank sells entire stake in the chipmaker for $5.83 billion. Citi analyst recommends buying NVDA shares on the pullback.

Barchart

SoftBank Exits NVIDIA—So What? Analysts Still See More Upside

NVIDIA is on track for higher share prices despite Softbank exiting its position. Analyst and institutional trends are robust and offset the sale.

MarketBeat

What's Going On With Nvidia Stock Tuesday?

Nvidia Corp (NASDAQ:NVDA) shares are trading lower Tuesday afternoon following reports that SoftBank Group (OTC:SFTBF) offloaded its entire stake in the chipmaker. Here’s what investors need to know.

Benzinga

SoftBank sells stake in Nvidia for $5.8bn as it doubles down on OpenAI bets

Shares in chipmaker Nvidia fall after announcement by Japanese investor, with other tech shares also slipping

The Guardian - UK

SoftBank’s Nvidia Exit Raises Eyebrows, But Analysts Still See Big Upside for NVDA Stock

SoftBank’s exit comes at a time when the market is increasingly questioning whether the billions flowing into AI infrastructure will translate into sustainable returns.

Barchart

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Euronews

SoftBank ditches Nvidia in favour of deeper dive into AI

SoftBank has exited Nvidia for about €5.4bn and, after reporting a €14bn quarterly profit, said it will redirect capital into AI investments.

Tom’s Hardware

SoftBank offloads entire $5.83 billion stake in Nvidia — firm sells off stock, cash will fund major investment in OpenAI, also in talks over Stargate

SoftBank has confirmed it sold its entire stake in Nvidia in October, offloading 32.1 million shares for $5.83 billion. The disclosure came Tuesday alongside the Japanese conglomerate’s latest earnings report.

Fortune

Softbank dumps its entire Nvidia portfolio worth $5.8 billion as its CEO goes all-in on OpenAI to the tune of $30 billion

Masayoshi Son, the 68-year-old CEO of SoftBank, has a mixed track record when it comes to massive, high-stakes investments.

Benzinga

SoftBank Says Skipping AI Is Riskier Than Betting Big

Japanese investment holding company SoftBank Group (OTC:SFTBF) (OTC:SFTBY) reported second-quarter results on Tuesday.

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news in one place.

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Benzinga

SoftBank Offloads $15 Billion Nvidia And T-Mobile Stakes To Fund AI Push

SoftBank Group Corp. (OTCPK: SFTBY) has raised over $15 billion by offloading its high-profile stakes in T-Mobile US Inc. (NASDAQ:TMUS) and Nvidia Corp. (NASDAQ:NVDA), as detailed in its fiscal second-quarter earnings report.

The Independent UK

Japan's SoftBank says it has sold its shares in Nvidia for $5.8 billion

Japanese technology giant SoftBank says it has sold its stake in Nvidia for $5.8 billion

Barchart

Amid SoftBank Takeover Rumors, Should You Buy, Sell, or Hold Marvell Stock?

Down 32% from all-time highs, Marvell Technology remains a top investment amid SoftBank takeover rumors.

International Business Times UK

Market Drubs Magnificent 7 & Company After AI Reality Check

The market pulled back because of growing concerns about the aggressive AI spending of large tech firms.

Benzinga

Japan's SoftBank Shares Dive Nearly 20% This Week As AI Bubble Jitters Rattle Global Tech Stocks

Shares of Japan’s SoftBank Group (OTC:SFTBY) declined by 7% on Friday amid a broader slump in AI-related stocks driven by valuation concerns.

Benzinga

What's Going On With Marvell Technology Stock Today?

Shares of Marvell Technology, Inc. (NASDAQ:MRVL) are rising Thursday following a news report about a potential sale of the semiconductor company.

Benzinga

Arm Posts Q3 Beat, Analyst Tips Hat To 'Multiple Accelerating Industry Themes'

Shares of Arm Holdings (NASDAQ:ARM) rose in early trading on Tuesday, after it reported upbeat fiscal second-quarter results.

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