SoftBank drops stake in Nvidia
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SoftBank has been making waves in the investment world and has become one of the most significant financial beneficiaries of the current AI boom. Its Vision Fund reported a gain of ¥3.5 trillion in investments, much of which resulted from its OpenAI holdings, and is now estimated to total ¥2.16 trillion for the quarter.
SoftBank Group Corp reported a surprise quarterly profit jump after a tech rally boosted the value of its holdings in companies such as Nvidia Corp and Intel Corp.
SoftBank Group has sold its entire $5.8 billion Nvidia stake to fund a massive AI investment drive, including projects with OpenAI, Ampere, and a trillion-dollar data hub. The sale boosts liquidity as Masayoshi Son bets big on AI’s future despite rising bubble concerns.
SoftBank Group Corp sold its entire stake in Nvidia Corp., pocketing $5.8 billion ahead of a rash of planned investments by founder Masayoshi Son to build his own sphere of influence supporting artificial intelligence.
Japanese conglomerate SoftBank Group explored a potential acquisition of chipmaker Marvell Technology earlier this year, according to a report in Bloomberg. Marvell and Softbank are not in active negotiations,
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SoftBank sells all of its Nvidia stock holdings for $5.83 billion to fund its next‑gen AI pushSoftBank sold its entire holding in Nvidia for $5.83 billion in October, according to the earnings announcement shared Tuesday.
Arm and its owners SoftBank are reportedly looking to acquire Ampere Computing. According to a report from Bloomberg, “strategic options” are being explored with regards to a proposed takeover. SoftBank first expressed an interest in acquiring Ampere ...