Particle.news
Download on the App Store

SoftBank Exits Nvidia With $5.8 Billion Sale to Fund OpenAI Bet

SoftBank says the divestment raises cash for large commitments to OpenAI.

Overview

  • The company disclosed it sold all 32.1 million Nvidia shares in October, raising about $5.83 billion.
  • Chief financial officer Yoshimitsu Goto said investments in OpenAI exceed $30 billion this year and described the sale as a funding decision rather than a view on Nvidia.
  • SoftBank also raised cash by selling roughly $9.17 billion of T‑Mobile shares and tapping loans and other financing tools tied to its AI strategy.
  • Quarterly results showed about ¥2.5 trillion (roughly $16 billion) in net profit, driven largely by valuation gains linked to its OpenAI holdings.
  • Nvidia shares slipped and SoftBank’s stock turned volatile in Tokyo trading as concerns about overheated AI valuations gained traction.