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SoftBank sells its entire stake in Nvidia for $5.83 billion (www.cnbc.com)
submitted 1 year ago by to c/economics@lemmy.world
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SoftBank said Tuesday it has sold its entire stake in U.S. chipmaker Nvidia for $5.83 billion as the Japanese giant looks to capitalize on its “all in” bet on ChatGPT maker OpenAI.

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[–] 4 points 1 year ago (1 child)

Bullish news for nVidia? Softbank's investment decisions sometimes seem to rival Jim Cramer's advice…

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  • [–] 3 points 1 year ago

    Oh, this is absolutely full grade Softbank insanity.

    They're selling their stake in Nvidia... to go all in on OpenAI.

    You can't make this shit up. They're so bullish on AI that they decided to sell their stake in the only company actually guaranteed to make money on this bullshit in order to throw it into Sam Altman's money pit.

    How Masayoshi Son still has money is completely beyond me at this point.

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