SoftBank drops stake in NVIDIA
Digest more
SoftBank Group has sold its entire $5.8 billion Nvidia stake to fund a massive AI investment drive, including projects with OpenAI, Ampere, and a trillion-dollar data hub. The sale boosts liquidity as Masayoshi Son bets big on AI’s future despite rising bubble concerns.
SoftBank Group Corp reported a surprise quarterly profit jump after a tech rally boosted the value of its holdings in companies such as Nvidia Corp and Intel Corp.
SoftBank plans to acquire Ampere Computing for $6.5 billion. Ampere will operate as a wholly owned subsidiary of SoftBank Group and retain its name, while lead investors Carlyle and Oracle will sell their stakes. Ampere develops high performance Arm CPUs ...
SoftBank Group Corp sold its entire stake in Nvidia Corp., pocketing $5.8 billion ahead of a rash of planned investments by founder Masayoshi Son to build his own sphere of influence supporting artificial intelligence.
Would you trade shares in Nvidia for stock in OpenAI? That’s what SoftBank just did, selling $5.8 billion worth of shares in the AI chip giant to finance a commitment to invest $22.5 billion in the ChatGPT maker.
Arm and its owners SoftBank are reportedly looking to acquire Ampere Computing. According to a report from Bloomberg, “strategic options” are being explored with regards to a proposed takeover. SoftBank first expressed an interest in acquiring Ampere ...