SoftBank sells all of its shares in NVIDIA, cashing out $5.8 billion to fund a series of AI projects.
SoftBank Group has sold all of its shares in Nvidia, cashing out $5.83 billion to fund its artificial intelligence investment projects. Currently, investors are skeptical about the large amount of capital chasing after AI technology, believing that future returns are uncertain. The sale of Nvidia shares highlights founder Masayoshi Son's need for capital to advance projects such as the "StarGate" data center and the American AI robot manufacturing base. SoftBank's sale of Nvidia shares comes at a time when the industry is increasingly debating whether the expected trillion-dollar investments in large tech companies in the coming years will yield a proportional return.
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