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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

#31

Post by vintermann »

ares623 wrote: post #16
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.

For researchers and academics, cuda is painful to avoid, but I'm not sure that it is for large companies, once the time comes to train and deploy large models.

Re: SoftBank sells its entire stake in Nvidia

#32

Post by ares623 »

coffeebeqn wrote: post #25
reconnecting wrote: post #6

Earlier quoted context omitted.

SoftBank, according to its stock, is in the best shape ever. https://finance.yahoo.com/quote/SFTBY/

Interesting - is buying SoftBank a proxy for owning some OpenAI at this point ?

I thought Nvidia was the proxy!

Re: SoftBank sells its entire stake in Nvidia

#33

Post by tester756 »

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…

Stock market is really, really interesting

Re: SoftBank sells its entire stake in Nvidia

#34

Post by viraptor »

l5870uoo9y wrote: post #28
ares623 wrote: post #16

Earlier quoted context omitted.

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.

Isn't it merely a matter of time before China has an alternative?

They don't even need to invent anything. Just put in some work to polish what already exists: https://github.com/vosen/ZLUDA

Re: SoftBank sells its entire stake in Nvidia

#35

Post by nromiun »

csomar wrote: post #17
reconnecting wrote: post #7

Earlier quoted context omitted.

$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.

Market capitalization is not equal to real money. Take a look at how Elon Musk bought Twitter.

Re: SoftBank sells its entire stake in Nvidia

#37

Post by drstewart »

vntok wrote: post #26
drstewart wrote: post #10

Earlier quoted context omitted.

[flagged]

Why are you assuming people around you automatically have the means and desire to invest their own money into risky financial instruments? This is so weird.

Risky? He said it's EXTREMELY likely. There's little risk. Margin loans are available.

Re: SoftBank sells its entire stake in Nvidia

#38

Post by Tuna-Fish »

reconnecting wrote: post #5

This should be the news of the day, or even should I say, the news of the last 3 years. The bubble is starting to crack.

SoftBank selling their stake in the AI shovel company to put it all directly in the AI gold rush company is evidence of bubble starting to crack?

Re: SoftBank sells its entire stake in Nvidia

#40

Post by randomNumber7 »

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.

I would have thought that the OpenAI bet is way more risky, because if someone comes along with a better model it could really hurt OpenAI. NVIDIA seems harder to dethrone imo.
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