Overview
- SoftBank disclosed it sold all of its Nvidia shares in October for $5.83 billion.
- The sale, alongside Vision Fund gains, helped produce a surprise net income of ¥2.5 trillion for the fiscal second quarter.
- SoftBank announced a 4-for-1 stock split that will take effect on January 1.
- Shares rose about 2% in Tokyo before the company’s earnings news conference.
- SoftBank had previously built its Nvidia position to roughly $3 billion by the end of March, then exited entirely to redeploy capital.