
SoftBank sold its entire Nvidia stake for $5.83 billion and will invest $22.5 billion in OpenAI via Vision Fund 2, as other major investors also reduced Nvidia holdings.
SoftBank Group sold all Nvidia shares in October 2024 for $5.83 billion and plans a $22.5 billion investment in OpenAI through Vision Fund 2 in December as part of its AI-focused strategy shift. Other notable moves in Q3 include Bridgewater Associates cutting Nvidia holdings by 65.3%, Peter Thiel completely exiting his position, and Nvidia CEO Jensen Huang selling over $1 billion in shares since June 2024.