SoftBank’s AI Ambitions Drive $5.8 Billion Nvidia Stake Sale

In a decisive pivot toward artificial intelligence, SoftBank has sold its $5.8 billion Nvidia holding to expand its investments in OpenAI. The company’s shift reflects growing belief in AI software’s potential to redefine the tech landscape.
SoftBank’s quarterly net profit more than doubled to 2.5 trillion yen, largely due to valuation gains from its AI-linked assets. The firm is assembling one of the largest AI-focused investment funds in history.
According to CFO Yoshimitsu Goto, more than $30 billion will be funneled into OpenAI, requiring the sale of existing assets. “We need to reallocate resources to fund this vision,” he said.
Nvidia shares fell 3.5% after the announcement, dragging broader tech markets lower as investors weighed whether the AI rally has reached its peak.