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SoftBank sells its entire stake in Nvidia

cnbc.com

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Re: SoftBank sells its entire stake in Nvidia

#11

Post by Festro »

mettamage wrote: post #9

I'm sorry, why is this on Hacker News? I'm on investing subreddits all the time, and I'd expect it there. But I don't see how this is "anything that gratifies one's intellectual curiosity." If there wasn't an AI bubble narrative, then sure, this this would gratify my curiousity. But now I don't see it, not even in the most charitable way. I'm curious what the line of thinking is on how this does, in some way, gratifi…

There is an AI bubble narrative, people are curious when it will burst. This is an indicator that people will want to analyse, discuss, and think about (intellectually).

Re: SoftBank sells its entire stake in Nvidia

#12

Post by ares623 »

mettamage wrote: post #9

I'm sorry, why is this on Hacker News? I'm on investing subreddits all the time, and I'd expect it there. But I don't see how this is "anything that gratifies one's intellectual curiosity." If there wasn't an AI bubble narrative, then sure, this this would gratify my curiousity. But now I don't see it, not even in the most charitable way. I'm curious what the line of thinking is on how this does, in some way, gratifi…

I'm curious if this is the beginning of the rumored "pop".

Re: SoftBank sells its entire stake in Nvidia

#14

Post by zerosizedweasle »

lifthrasiir wrote: post #13

Note the first line: > SoftBank said Tuesday it has sold its entire stake in U.S. chipmaker Nvidia for $5.83 billion as the Japanese giant looks to capitalize its “all in” bet on ChatGPT maker OpenAI. They are switching gears, not exiting, folks.

Maybe they're trying to bail out OpenAI, but that's still not close to the amount they would need to do that. OpenAI needs like 1.3 trillion dollars.

Re: SoftBank sells its entire stake in Nvidia

#16

Post by ares623 »

lifthrasiir wrote: post #13

Note the first line: > SoftBank said Tuesday it has sold its entire stake in U.S. chipmaker Nvidia for $5.83 billion as the Japanese giant looks to capitalize its “all in” bet on ChatGPT maker OpenAI. They are switching gears, not exiting, folks.

Selling the _entire_ stake sounds really aggressive though? Is that normal?

Even if you're all-in on OpenAI, does it not make financial sense to have _some_ stake in Nvidia considering they are the only ones with an actual moat?

Unless there are CUDA alternative breakthroughs we will hear about in the next few days.

Re: SoftBank sells its entire stake in Nvidia

#17

Post by csomar »

reconnecting wrote: post #7
solumunus wrote: post #2

Good point to cash out in my opinion. Extremely likely you can buy NVDA back cheaper in the future.

$5.83B is too large to be a round trip. This is clearly an exit.

Nvidia current market cap is 4.84 trillion dollars. Yes, that's roughly 5 trillions of dollars. 5.83B is a rounding error.

Re: SoftBank sells its entire stake in Nvidia

#18

Post by drstewart »

ares623 wrote: post #12
mettamage wrote: post #9

I'm sorry, why is this on Hacker News? I'm on investing subreddits all the time, and I'd expect it there. But I don't see how this is "anything that gratifies one's intellectual curiosity." If there wasn't an AI bubble narrative, then sure, this this would gratify my curiousity. But now I don't see it, not even in the most charitable way. I'm curious what the line of thinking is on how this does, in some way, gratifi…

I'm curious if this is the beginning of the rumored "pop".

It is not.
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