SoftBank Corp. Unsponsored ADR (SOBKY)
SoftBank's AI ambitions test its balance sheet
SoftBank's latest financial manoeuvres highlight a familiar tension for the Japanese group: balancing Masayoshi Son's appetite for high-risk, high-reward bets with the practical limits of its own balance sheet. The company has been selling down lucrative holdings, including a multibillion-dollar stake in Nvidia Corp (NASDAQ:NVDA, ETR:NVD) and a portion of its T-Mobile US shares, to help fund an ambitious new spending spree centred on artificial intelligence (AI).
CNBC Daily Open: SoftBank doubles down on AI amid warnings from 'Big Short' investor
The Dow Jones Industrial Average and FTSE 100 close at fresh highs. SoftBank sells entire stake in Nvidia to fund stake in OpenAI.
SoftBank's Nvidia sale rattles market, raises questions
Masayoshi Son isn't known for half measures. The SoftBank founder's career has been studded with brow-raising bets, each one seemingly more outrageous than the last.
SoftBank Exits NVIDIA—So What? Analysts Still See More Upside
NVIDIA NASDAQ: NVDA made headlines again with a major backer exiting its stake. However, as newsworthy as it is, it is ultimately a so-what moment for the stock's price.
SoftBank sells entire Nvidia stake for $5.8B to fund expanding AI investments
Nvidia Corp (NASDAQ:NVDA, ETR:NVD) shares traded almost 2% lower before Tuesday's opening bell after it was revealed SoftBank sold its entire stake in the chipmaker for $5.83 billion. The Japanese conglomerate disclosed in its earnings statement that it sold 32.1 million Nvidia shares in October, alongside the sale of part of its stake in T-Mobile for $9.17 billion.
Why SoftBank Is Ditching Nvidia for ChatGPT
SoftBank Group has decided to sell its stake in the chip maker in order to fuel an even bigger bet on OpenAI.
SoftBank fully cashed out its Nvidia stake for an even bigger AI bet
SoftBank Group , owned by the richest man in Japan, Masayoshi Son, revealed on Tuesday it had sold its entire stake in Nvidia last month — for an even bigger bet on artificial intelligence.
SoftBank up 2% after earnings beat as leans into the faltering AI boom
SoftBank's second-quarter net profit more than doubled to ¥2.5 trillion, or $16.6 billion. This was well above the ¥207 billion consensus and driven by a ¥3.5 trillion Vision Fund gain, including ¥2.16 trillion from its OpenAI holding.
SoftBank sells its entire stake in Nvidia for $5.83 billion
The Japanese conglomerate said Tuesday it sold 32.1 million shares of Nvidia in October.
SoftBank rides the AI wave as OpenAI lifts Vision Fund to $19 billion gain
SoftBank's stock has slumped in the past week as concerns of an artificial intelligence bubble sent jitters through global markets.
SoftBank is back, and the AI hype cycle is eating itself
SoftBank and OpenAI announced a new 50-50 joint venture this week to sell enterprise AI tools in Japan under the brand “Crystal Intelligence.” On paper, it's a straightforward international expansion deal.
Marvell Technology stock higher on SoftBank takeover speculation
Marvell Technology Group Ltd. (NASDAQ:MRVL) shares gained nearly 4% in early trading on Thursday after reports that Japan's SoftBank Group explored a potential takeover of the chipmaker several months ago, according to Bloomberg.
