SoftBank sells Nvidia stake for 5.8 billion to fund AI bets

SoftBank sells Nvidia stake for $5.8 billion to fund AI bets SoftBank Group founder Masayoshi Son is aggressively seeking to capitalize on booming investment in AI and chips, even as he scales back other investments. SoftBank Group sold its entire stake in Nvidia for $5.83 billion to help bankroll artificial intelligence investments, even as investors question the amount of capital pouring into a technology with uncertain returns. Founder Masayoshi Son has been unwinding positions to pay for a plethora of AI projects, from Stargate data centers with OpenAI and Oracle to robot manufacturing sites in the United States. The Nvidia exit coincides with a growing debate about whether spending by big tech firms like Meta Platforms and Alphabet -- expected to surpass $1 trillion in coming years -- will produce commensurate returns. SoftBank's stock slid more than 10% in Tokyo on Wednesday, highlighting how investors remain nervous about lofty tech valuations.