SoftBank sells its entire stake in Nvidia for $5.83 billion
Nvidia CEO Jensen Huang (L) and the CEO of the SoftBank Group Masayoshi Son pose during an AI event in Tokyo on November 13, 2024.
Akio Kon | Bloomberg | Getty Images
Japanese giant SoftBank said Tuesday it has sold its entire stake in tech giant Nvidia for $5.83 billion.
The firm said in its earning statement that it sold 32.1 million shares of Nvidia in October. It also sold off part of its stake in T-Mobile for $9.17 billion.
SoftBank’s investments in ChatGPT maker OpenAI and PayPay helped the Japanese giant post a $19 billion gain on its Vision Fund in its fiscal second quarter.
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