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SoftBank sells its entire stake in Nvidia for $5.83 billion
Nvidia CEO Jensen Huang, left, and SoftBank Group CEO Masayoshi Son pose during an artificial intelligence event in Tokyo on November 13, 2024.
Akio Kon | Bloomberg | Getty Images
Japanese giant SoftBank said on Tuesday that it has sold all of its shares in the tech giant. Nvidia For $5.83 billion.
The firm said in its earnings release that it sold 32.1 million Nvidia shares in October. He also sold some of his shares in T-Mobile for $9.17 billion.
SoftBank’s investments in ChatGPT maker OpenAI and PayPay helped the Japanese giant raise $19 billion in its Vision Fund in the second fiscal quarter.
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