SoftBank has sold its Nvidia shares worth $5.8 billion to fund its expanding investments in OpenAI, underscoring its growing belief in AI software’s dominance over hardware. The sale marks one of the biggest strategic shifts in SoftBank’s recent history.
Quarterly profits more than doubled to 2.5 trillion yen, driven by valuation gains in AI-linked holdings. The company also sold part of its T-Mobile stake to raise capital for future investments.
CFO Yoshimitsu Goto said the Nvidia sale was part of a capital optimization plan, not a reaction to performance concerns. “Our OpenAI commitment exceeds $30 billion this year. It’s about reallocating assets for maximum growth,” he said.
Nvidia’s stock declined 3.5%, while the Nasdaq Composite slipped 0.85%. The broader tech sector saw mild pullbacks as investors weighed SoftBank’s signal on AI valuations.
Industry watchers note that SoftBank’s portfolio realignment reflects a shift in confidence — from chip design to the companies creating the algorithms and systems powering AI’s global expansion.