Why did SoftBank sell off its Nvidia stake?

For years, Son has talked about SoftBank’s strategy to invest in the “computing platforms of the future,” including artificial intelligence. His firm amassed a reported $4 billion stake in Nvidia back in 2017, only to dump the shares in 2019.
Anadolu Agency

SoftBank shares sink over 6% after Nvidia exit, tech overvaluation concerns

Japanese tech giant SoftBank's shares slumped 6.6% Friday driven by the firm's sale all of its stake in the US chip giant Nvidia for $5.83 billion announced on Tuesday, and an overall concern regarding the overvaluation in the tech stocks.

Nvidia now worth more than Japan’s entire economy — just 30,000 employees vs 124 million people

Nvidia's market value has soared to nearly $5 trillion, eclipsing Japan's entire annual economic output. This AI chip giant's valuation now rivals Germany's economy, reflecting immense investor confidence in artificial intelligence.

Japan’s SoftBank says it has sold its shares in Nvidia for US$5.8 billion, turning its focus to OpenAI

Japanese technology giant SoftBank said Tuesday it has sold its stake in Nvidia, raising US$5.8 billion to pour into other investments. It also reported its profit nearly tripled in the first half of this fiscal year from a year earlier.
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