SoftBank sells off Nvidia stake for $5.83b to invest in AI

Taiwan

Nov. 11 (UPI) -- Softbank sold its entire stake in Nvidia for $5.83 billion to focus on artificial intelligence, the company reported Tuesday. In its earnings statement, the Japanese company said it sold 32.1 million Nvidia shares in October to focus on its investment in OpenAI's ChatGPT. It also said it sold some of its T-Mobile shares for $9.17 billion. "We want to provide a lot of investment opportunities for investors, while we can still maintain financial strength," said SoftBank's Chief