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SoftBank’s decision to sell its Nvidia stake for $5.8 billion sent ripples across Wall Street as investors questioned whether AI stock valuations have peaked. The proceeds will be used to expand the company’s OpenAI investments.
The Japanese conglomerate’s quarterly profit doubled to 2.5 trillion yen, aided by AI valuation gains. It also shed part of its T-Mobile holding to free up capital for new projects.
CFO Yoshimitsu Goto explained that over $30 billion will be invested in OpenAI this year. “We had to divest some assets to fund this large commitment,” he said.
Nvidia’s shares fell 3.5% after the news, while the Nasdaq Composite dropped 0.85%, underlining how sensitive the market remains to shifts in AI investor sentiment.