Overview
- SoftBank disclosed it sold 32.1 million Nvidia shares in October for $5.83 billion, redeploying the cash to its expanding investment in OpenAI.
- The move was part of broader asset monetization that also included about $9.17 billion of T-Mobile share sales and financing via ¥620 billion in yen bonds, $4.2 billion in foreign debt, and bridge loans tied to AI deals.
- Filings show an up-to-$40 billion OpenAI package agreed in March, with $10 billion funded in April and a further $22.5 billion scheduled for December, as SoftBank concentrates capital on AI infrastructure and projects such as Stargate.
- Second-quarter net profit more than doubled to roughly ¥2.5 trillion, driven by valuation gains in OpenAI that also boosted Vision Fund results.
- Nvidia shares fell after the disclosure and SoftBank’s stock swung sharply, while CFO Yoshimitsu Goto stressed the Nvidia sale was a financing decision rather than a view on the chipmaker.