SoftBank Group sold its complete stake in Nvidia for $5.8 billion in October, disposing of 32.1 million shares as the Japanese conglomerate seeks funding for artificial intelligence investments, particularly its $30 billion commitment to OpenAI.</span

SoftBank Group sold its complete stake in Nvidia for $5.8 billion in October, disposing of 32.1 million shares as the Japanese conglomerate seeks funding for artificial intelligence investments, particularly its $30 billion commitment to OpenAI.

The chip company sale contributed to SoftBank reporting quarterly net profit of $16.2 billion, more than doubling compared to the previous year, with gains primarily driven by valuation increases in its OpenAI holdings worth 2.16 trillion yen.</span

The chip company sale contributed to SoftBank reporting quarterly net profit of $16.2 billion, more than doubling compared to the previous year, with gains primarily driven by valuation increases in its OpenAI holdings worth 2.16 trillion yen.

SoftBank's investment in OpenAI has grown substantially, with the company holding an 11 percent stake after committing up to $30 billion by December, making it the largest investor in the ChatGPT maker valued at $500 billion.</span

SoftBank's investment in OpenAI has grown substantially, with the company holding an 11 percent stake after committing up to $30 billion by December, making it the largest investor in the ChatGPT maker valued at $500 billion.

This marks SoftBank's second complete exit from Nvidia, having previously sold a $3.6 billion stake in 2019 before re-entering in 2020, with the earlier sale becoming a cautionary tale as those shares would now be worth over $150 billion.</span

This marks SoftBank's second complete exit from Nvidia, having previously sold a $3.6 billion stake in 2019 before re-entering in 2020, with the earlier sale becoming a cautionary tale as those shares would now be worth over $150 billion.

Chief Financial Officer Yoshimitsu Goto stated the Nvidia sale had nothing to do with the chip company itself but was necessary to fund OpenAI investments, as SoftBank requires liquidity to support its artificial intelligence commitments.</span

Chief Financial Officer Yoshimitsu Goto stated the Nvidia sale had nothing to do with the chip company itself but was necessary to fund OpenAI investments, as SoftBank requires liquidity to support its artificial intelligence commitments.

SoftBank has raised over $11 billion through asset sales including T-Mobile shares worth $9.17 billion and increased its margin loan backed by Arm Holdings shares from $13.5 billion to $20 billion to finance its AI investment strategy.</span

SoftBank has raised over $11 billion through asset sales including T-Mobile shares worth $9.17 billion and increased its margin loan backed by Arm Holdings shares from $13.5 billion to $20 billion to finance its AI investment strategy.

SoftBank Sells $5.8B Nvidia Stake to Fund OpenAI Investment

Sign Up for Our Free Newsletters
Sign Up for Our Free Newsletters

SoftBank Sells $5.8B Nvidia Stake to Fund OpenAI Investment

Sign Up for Our Free NewslettersSign Up for Our Free Newsletters

Sign Up for Our Free Newsletters
Sign Up for Our Free Newsletters