SoftBank has sold its $5.8 billion Nvidia stake to focus more aggressively on its OpenAI investments, further entrenching itself in the artificial intelligence boom. The move underscores the company’s view that AI software offers superior long-term returns compared to hardware.
In its quarterly report, SoftBank revealed profits more than doubling to 2.5 trillion yen, buoyed by gains in AI-related valuations. The firm also sold part of its T-Mobile stake to raise capital for new investments.
CFO Yoshimitsu Goto confirmed that SoftBank’s OpenAI investments will exceed $30 billion this year. “We’re reallocating capital to fuel innovation and expansion in AI,” he said.
Nvidia’s shares dropped 3.5% following the news, leading to broader weakness in tech stocks. Arm Holdings and Micron Technology were among those that saw declines.
Analysts view SoftBank’s decision as part of a wider trend among major investors — shifting focus from hardware suppliers to the AI companies shaping how technology is applied across industries.