SoftBank offloads entire $5.83 billion stake in Nvidia — firm sells off stock, cash will fund major investment in OpenAI, also in talks over Stargate

SoftBank has sold its entire $5.83 billion stake in Nvidia, part of a strategy to reallocate capital into AI ventures like OpenAI and potentially Stargate. The move severs a direct investment link with Nvidia, but SoftBank retains a strategic foothold in the AI hardware space through its ownership of Arm. Despite the sale, Nvidia's stock value remains strong, supported by record earnings and forward guidance. SoftBank's CFO mentioned that the investment in OpenAI was significant and necessitated using existing assets for new investments.