SoftBank Sells Its Entire Nvidia Stake for $5.8 Billion

SoftBank Sells Its Entire Nvidia Stake for .8 Billion



SoftBank Sells Its Entire Nvidia Stake for $5.8 Billion
SoftBank sold its entire stake in Nvidia, pocketing $5.83 billion to help bankroll envisioned AI investments at a time investors are questioning the sheer amounts of capital chasing a technology with uncertain future returns. The stake sale highlights how founder Masayoshi Son needs money to chase a plethora of projects that range from Stargate data centers to AI robot manufacturing sites in the US. Bloomberg’s Peter Elstrom reports. (Source: Bloomberg)


www.bloomberg.com
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