▲ 74 ▼ SoftBank sells its entire stake in Nvidia for $5.83 billion (www.cnbc.com) submitted 1 year ago by MicroWave@lemmy.world to c/economics@lemmy.world 10 comments fedilink hide all child comments 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.
[–] BananaTrifleViolin@lemmy.world 40 points 1 year ago (2 children) Knowing when to exit a bubble is a real strength. permalink fedilink source hideshow 2 child comments replies: [–] JackLSauce@lemmy.world 17 points 1 year ago (1 child) They're moving most of the money to Open AI and a minority of it to a (presumably AI) company called Ampere The corroborating story I found is a bit more explicit that this isn't an exit: https://www.barrons.com/articles/softbank-openai-nvidia-stake-ai-5036b58b?mod=bar_RHF permalink fedilink source parent hideshow 1 child comment replies: [–] oyo@lemmy.zip 10 points 1 year ago* Jesus Christ that's a bad idea. Nvidia over here selling marked-up shovels by the barrow-ful, but I'm gonna invest it all in Sammy finding that huge nugget. permalink fedilink source parent
[–] JackLSauce@lemmy.world 17 points 1 year ago (1 child) They're moving most of the money to Open AI and a minority of it to a (presumably AI) company called Ampere The corroborating story I found is a bit more explicit that this isn't an exit: https://www.barrons.com/articles/softbank-openai-nvidia-stake-ai-5036b58b?mod=bar_RHF permalink fedilink source parent hideshow 1 child comment replies: [–] oyo@lemmy.zip 10 points 1 year ago* Jesus Christ that's a bad idea. Nvidia over here selling marked-up shovels by the barrow-ful, but I'm gonna invest it all in Sammy finding that huge nugget. permalink fedilink source parent
[–] oyo@lemmy.zip 10 points 1 year ago* Jesus Christ that's a bad idea. Nvidia over here selling marked-up shovels by the barrow-ful, but I'm gonna invest it all in Sammy finding that huge nugget. permalink fedilink source parent