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SoftBank has sold its $5.8 billion stake in Nvidia to expand its position in OpenAI, signaling a shift from hardware to AI software leadership. The move comes as investors debate whether AI stocks have reached unsustainable heights.
Profits at SoftBank jumped to 2.5 trillion yen, driven by its AI portfolio’s strong performance. The firm also liquidated part of its T-Mobile stake to boost its cash reserves.
CFO Yoshimitsu Goto told reporters that funding a $30 billion OpenAI commitment required “divesting existing portfolios.” He added that the sale was not a signal of lost confidence in Nvidia.
Nvidia shares fell 3.5%, with Arm and Micron also down as markets interpreted SoftBank’s move as a sign of caution in the AI boom.