SoftBank sells its entire stake in Nvidia for $5.83 billion

SoftBank sells its entire stake in Nvidia for .83 billion

Nvidia CEO Jensen Huang (L) and the CEO of the SoftBank Group Masayoshi Son pose during an AI event in Tokyo on November 13, 2024.

Akio Kon | Bloomberg | Getty Images

Japanese giant SoftBank said Tuesday it has sold its entire stake in tech giant Nvidia for $5.83 billion.

The firm said in its earning statement that it sold 32.1 million shares of Nvidia in October. It also sold off part of its stake in T-Mobile for $9.17 billion.

SoftBank’s investments in ChatGPT maker OpenAI and PayPay helped the Japanese giant post a $19 billion gain on its Vision Fund in its fiscal second quarter.

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