After SoftBank cleared its position in Nvidia (NVDA.US), the stock price plummeted by 10%! Analysts: Not ignoring hardware, but doubling down on the future of AI.

According to the Fortune Financial APP, the stock price of SoftBank Group plunged 10% in the early trading on Wednesday. Prior to this, the Japanese giant announced that it had completely cleared its stake in the American chip giant Nvidia (NVDA.US), cashing out $5.83 billion. According to informed sources, this fund will be used to support SoftBank's $22.5 billion investment in OpenAI, the developer of ChatGPT. As of the time of publication, SoftBank Group's stock price is still down by more than 5%.