Overview
- SoftBank disclosed it sold 32.1 million Nvidia shares in October for about $5.83 billion, revealing the move alongside quarterly results.
- Chief financial officer Yoshimitsu Goto said the disposal was unrelated to Nvidia’s prospects and that more than $30 billion is needed this year for OpenAI commitments.
- The group also raised cash by selling roughly $9.17 billion of T-Mobile shares, expanding an Arm-backed margin loan to $20 billion, and arranging bridge financing.
- SoftBank reported a strong quarter with net profit around ¥2.5 trillion ($16.2 billion), buoyed by Vision Fund gains and higher valuations tied to AI holdings.
- Markets wobbled after the announcement, with Nvidia sliding in U.S. trading and SoftBank shares dropping in Tokyo, as analysts weighed bubble risks and the firm’s timing after a prior 2019 Nvidia exit.