SoftBank sold its entire $5.83B Nvidia stake to finance large-scale AI infrastructure and robotics projects, including Stargate data centers. Masayoshi Son says the move is about fueling AI expansion, not a lack of confidence in Nvidia, even as NVDA shares dipped slightly.
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00:03SoftBank sold its entire $5.83 billion stake in NVIDIA to fund new AI ventures, according to Bloomberg.
00:09Founder Masayoshi Sun plans to channel proceeds into projects including Stargate data centers and AI robotics hubs in the U.S.
00:17SoftBank's NVIDIA exit comes amid debate over whether big tech's projected $1 trillion AI spending spree will yield returns.
00:25SoftBank aims to expand its AI presence by leveraging stakes in firms like OpenAI and Ampere, while saying its NVIDIA sale was purely a financing move, not market-driven.
00:35SoftBank's investments boosted profits, leading to a surprise $16.2 billion second quarter net income that far exceeded analyst expectations.
00:45NVIDIA's shares were down 1.3% in pre-market trading.
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