Tech giant investor sells off all stock in world’s biggest company
In this DML Report…
SoftBank Group, led by CEO Masayoshi Son, sold its entire stake in Nvidia and most of its holdings in T-Mobile last month, amounting to a total value of $15 billion. The divestment was disclosed in regulatory filings, marking a significant shift in the company's portfolio. Son, often referred to as the "Warren Buffett of tech" for his investment strategies, has historically backed major tech firms through SoftBank's Vision Fund.
The proceeds from the sales are intended to provide liquidity for new investments, including a $34.7 billion commitment to OpenAI. Additionally, the funds will support SoftBank's planned $500 billion initiative to build a network of data centers across the United States. SoftBank emphasized that the decision does not reflect a loss of confidence in Nvidia or T-Mobile, but rather a strategic reallocation of capital.
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Following the announcement, Nvidia's shares declined by more than 3 percent by midday on Tuesday, while the Nasdaq index fell 0.8 percent during the same period. This market reaction occurred amid broader tech sector movements, though no direct causal link to SoftBank's sales was specified.