SoftBank Corp. Unsponsored ADR (SOBKY)
Musk's Starlink rival Eutelsat shares plummet 7% after report of SoftBank cutting its stake
Eutelsat has seen its share price drop after reports SoftBank cut its stake in company. Eutelsat is the owner of the satellite internet provider OneWeb, which it merged with in 2023 in a bid to challenge Starlink's dominance in the market.
SoftBank's Son ‘was crying' about the firm's need to sell its Nvidia stake
Masayoshi Son said SoftBank sold Nvidia only to bankroll new AI bets, including OpenAI and data centers. SoftBank has doubled down on its AI plans this year with a flurry of projects.
SoftBank stays in as Meesho $606M IPO becomes India's first major e-commerce listing
Meesho, an Indian e-commerce rival to Amazon and Walmart-owned Flipkart, is set to launch a roughly $606 million IPO marked by token sell-downs from early backers and no sales from big names such as SoftBank and Prosus, signalling investor conviction in India's booming online retail market at a time when tech shareholders globally have been cashing out at listings.
Peter Thiel's fund joins SoftBank in offloading Nvidia shares
Peter Thiel's hedge fund sold its entire Nvidia stake in the third quarter. The sale followed SoftBank's offloading of Nvidia in Q3, amid concerns of an AI bubble in the market.
First SoftBank, and now Peter Thiel dumps Nvidia position as talk of AI bubble intensifies
A week after Japan's richest man disclosed that his firm fully divested his $5.8 billion stake in Nvidia, one of America's richest, Peter Thiel, has said he's done the same.
Is SoftBank's Nvidia Stake Sale a Strategic Shift? AI ETF Theme Wins
SoftBank pivots from Nvidia to OpenAI, signaling confidence in AI's next wave. ETFs like CHAT, BOTZ & AIQ stand to gain from this strategic shift.
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.
