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SoftBank has sold its $5.8 billion Nvidia stake to fuel a massive new investment in OpenAI. The announcement underscores the Japanese tech giant’s conviction that software intelligence will define the next era of growth.
Quarterly earnings showed net profit of 2.5 trillion yen, more than double last year’s, supported by valuation gains in AI-related assets. The firm also trimmed its T-Mobile stake to raise more capital.
Chief Financial Officer Yoshimitsu Goto clarified that the Nvidia sale was driven by funding needs for a $30 billion OpenAI commitment, not concerns about Nvidia’s trajectory.
Following the news, Nvidia shares slipped 3.5%, dragging down other tech stocks as traders questioned whether AI enthusiasm is overheating.