Overview
- The company disclosed it sold all 32.1 million Nvidia shares in October for $5.83 billion, confirming the complete exit in its quarterly results.
- SoftBank also raised about $9.17 billion by selling part of its T-Mobile stake as part of a broader asset monetization to fund up to $40 billion for OpenAI and the planned Stargate data-center buildout.
- An amended agreement enables a full additional $22.5 billion investment into OpenAI via Vision Fund 2 in December, supported by yen bonds, foreign debt, bridge loans, and an expanded Arm-backed margin facility.
- Markets wobbled following the disclosure, with Nvidia slipping up to about 3% on Tuesday and SoftBank shares falling as much as 10% in Tokyo the next day, as investors reassessed AI valuations.
- CFO Yoshimitsu Goto said the sale was not a judgment on Nvidia but a financing move for SoftBank’s AI push; Vision Fund reported large gains driven by marking up OpenAI, lifting group profits.