SoftBank Sells Nvidia Stake for $5.8 Billion to Fund AI Bets
SoftBank sold its entire stake in Nvidia, pocketing $5.83 billion to help bankroll envisioned AI investments at a time investors are questioning the sheer amounts of capital chasing a technology with uncertain future returns. The stake sale highlights how founder Masayoshi Son needs money to chase a plethora of projects that range from Stargate data centers to AI robot manufacturing sites in the US. Bloomberg’s Peter Elstrom reports.
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