Overview
- The company disclosed it sold 32.1 million Nvidia shares in October for about $5.8 billion, calling it a complete exit.
- CFO Yoshimitsu Goto said the sale was not about Nvidia’s prospects and that more than $30 billion is needed this year for OpenAI-related investments.
- SoftBank supplemented proceeds with roughly $9.17 billion from T-Mobile share sales, expanded margin loans on Arm, and bridge financing to fund a $22.5 billion OpenAI commitment and other AI deals.
- Markets wobbled after the announcement, with Nvidia shares slipping and SoftBank stock falling as much as 10% in Tokyo as debate over an AI valuation bubble intensified.
- SoftBank reported about ¥2.5 trillion in quarterly net profit, aided by Vision Fund and OpenAI valuation gains, even as analysts noted Son’s uneven past timing on Nvidia trades.