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2h ago

SoftBank Sells Entire Nvidia Stake to Fund AI Push

The group casts the October exit as a cash‑raising move to finance major AI projects and investments.

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El desarme de posiciones provocó una leve caída de 0,95% en el mercado.
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Softbank Group reveló, durante la presentación de sus resultados trimestrales, que en octubre vendió toda su participación en Nvidia Corp. por US$5.830 millones (Foto: REUTERS)

Overview

  • SoftBank disclosed that it sold 32.1 million Nvidia shares in October for about $5.83 billion, exiting its position completely.
  • CFO Yoshimitsu Goto described the move as part of a broader asset monetization policy to preserve financial strength and secure funding for new ventures.
  • Proceeds are earmarked for large AI initiatives including Stargate data centers and U.S. robot manufacturing, with reported plans to marshal roughly $30.5 billion this quarter for commitments to firms such as OpenAI and Ampere.
  • The company paired the sale with other actions, including a partial divestment of its T‑Mobile stake and a four‑for‑one stock split scheduled for December 30.
  • SoftBank reported net profit of ¥2.5 trillion in its fiscal second quarter, beating estimates, while Nvidia shares edged lower following the disclosure and SoftBank stock rose about 3% after results.