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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

#22

Post by blitzar »

> SoftBank Vision Fund recorded a $3.3 billion return on its Nvidia investment. The fund's February 2019 closeout of its Nvidia position preceded the AI boom and Nvidia's rapid transformation into one of the world's most valuable companies.

Masayoshi Son has form when it comes to calling the top of the market with this particular company.

Re: SoftBank sells its entire stake in Nvidia

#23

Post by reconnecting »

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.

In numbers, yes, a rounding error. In fact, SoftBank was one of Nvidia's backers, and whatever this sell means in the stock markets, this is a strong signal.

Re: SoftBank sells its entire stake in Nvidia

#24

Post by rvz »

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.

So averaging up then? That's even worse. More like degeneracy and gambling.

Re: SoftBank sells its entire stake in Nvidia

#25

Post by coffeebeqn »

reconnecting wrote: post #6
lazide wrote: post #4

Earlier quoted context omitted.

Softbank is likely in trouble and needs the cash or something.

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 ?

Re: SoftBank sells its entire stake in Nvidia

#26

Post by vntok »

drstewart wrote: post #10
solumunus wrote: post #2

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

[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.

Re: SoftBank sells its entire stake in Nvidia

#28

Post by l5870uoo9y »

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.

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

Re: SoftBank sells its entire stake in Nvidia

#29

Post by [deleted] »

blitzar wrote: post #22

> SoftBank Vision Fund recorded a $3.3 billion return on its Nvidia investment. The fund's February 2019 closeout of its Nvidia position preceded the AI boom and Nvidia's rapid transformation into one of the world's most valuable companies. Masayoshi Son has form when it comes to calling the top of the market with this particular company.

[deleted]

Re: SoftBank sells its entire stake in Nvidia

#30

Post by ljlolel »

blitzar wrote: post #22

> SoftBank Vision Fund recorded a $3.3 billion return on its Nvidia investment. The fund's February 2019 closeout of its Nvidia position preceded the AI boom and Nvidia's rapid transformation into one of the world's most valuable companies. Masayoshi Son has form when it comes to calling the top of the market with this particular company.

Last top was 2022
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