SoftBank Group Confirms Nvidia Share Sale in October

SoftBank Group Confirms Nvidia Share Sale in October

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.

Fact Check
The assessment is based on strong, consistent evidence from multiple high-authority sources. A breaking news story from CNBC and a report from the Associated Press, both sources with high credibility, explicitly state that SoftBank sold its entire stake in Nvidia during October. This directly confirms the statement. Further evidence from other financial news outlets corroborates the sale, although they do not specify the month. Importantly, there is no conflicting evidence among the provided sources; no source suggests the sale happened at a different time or did not occur. The direct confirmation from two of the most credible sources, supported by consistent information from others, provides a high degree of confidence in the statement's truthfulness.
Summary

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.

Terms & Concepts
  • SoftBank Group: A Japan-based multinational conglomerate focusing on investment in technology, energy, and financial sectors.
  • Nvidia: A U.S.-based technology company known for designing graphics processing units (GPUs) and AI-related hardware and software.
  • OpenAI: An artificial intelligence research and deployment company known for developing advanced AI models and systems.