SoftBank drops stake in Nvidia
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For years, Son has talked about SoftBank’s strategy to invest in the “computing platforms of the future,” including artificial intelligence. His firm amassed a reported $4 billion stake in Nvidia back in 2017, only to dump the shares in 2019.
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Nvidia now worth more than Japan’s entire economy — just 30,000 employees vs 124 million people
Nvidia's market value has soared to nearly $5 trillion, eclipsing Japan's entire annual economic output. This AI chip giant's valuation now rivals Germany's economy, reflecting immense investor confidence in artificial intelligence.
SoftBank has exited Nvidia for about €5.4bn and, after reporting a €14bn quarterly profit, said it will redirect capital into AI investments.View on euronews