SoftBank Corp. Unsponsored ADR (SOBKY)
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.
OpenAI Due to Receive Another $22 Billion From SoftBank
SoftBank has reportedly taken another step toward completing its massive $30 billion investment in OpenAI. The Japanese conglomerate's board has greenlit a second installment of $22.5 billion restructuring that would set the stage for an eventual public offering, The Information reported Saturday (Oct. 25), citing a source with knowledge of the decision.
SoftBank reportedly eyes $20bn US float for PayPay
Investors value Japanese payments app lined up for potential December IPO Overseas growth prospects seen as key to sustaining higher valuation SoftBank is preparing to list its payments arm PayPay in the United States as early as December, with investors suggesting the company could be valued at more than $20 billion, according to a Reuters report. Meetings with institutional investors began in mid-September, with 2 trillion yen viewed as a baseline valuation, the newswire said.
AI BUBBLE WATCH: SoftBank reportedly seeking $5bn loan backed by Arm shares for investment in ChatGPT owner
SoftBank Group is in talks with global banks to borrow around $5 billion using shares in its chip designer Arm Holdings PLC (NASDAQ:ARM) as collateral, according to a report by Bloomberg. The loan, known as a margin loan, allows a borrower to secure cash against the value of assets such as stocks.
