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SoftBank has sold its Nvidia holdings worth $5.8 billion, doubling down on its partnership with OpenAI as it bets big on the future of artificial intelligence. The move highlights the company’s shift toward software innovation.
The Japanese tech investor reported quarterly profits of 2.5 trillion yen, more than double a year ago, boosted by valuation gains in AI assets.
CFO Yoshimitsu Goto explained that more than $30 billion will be invested in OpenAI this year. “We needed to reallocate capital from mature assets to fund new AI growth,” he said.
Following the announcement, Nvidia shares slipped 3.5%, sparking a mild tech sell-off as investors questioned if the AI rally may be cooling.