The post SoftBank sells entire Nvidia stake for $5.8 billion to double down on OpenAI appeared on BitcoinEthereumNews.com. Home » AI » SoftBank sells entire Nvidia stake for $5.8 billion to double down on OpenAI Shift in investment strategy highlights SoftBank’s growing focus on generative AI through partnerships and diversified tech holdings. Photo: Bolivia Inteligente Key Takeaways SoftBank sold its entire $5.8 billion stake in Nvidia, unloading 32 million shares. The move is part of the bank’s strategic effort to free up capital for new AI investments. SoftBank has fully exited its Nvidia position, selling 32 million shares worth $5.8 billion to reallocate funds toward its AI expansion, especially its deepening partnership with OpenAI. The firm described the divestment as part of an asset-monetization strategy designed to maintain financial discipline while fueling its next phase of AI-driven growth. Executives said the move ensures the company remains liquid and ready for major opportunities in the AI ecosystem. SoftBank has recently expanded its holdings in other AI-related companies like Oracle and TSMC to bolster its position in the generative AI sector. Disclaimer Source: https://cryptobriefing.com/softbank-sells-entire-nvidia-stake/The post SoftBank sells entire Nvidia stake for $5.8 billion to double down on OpenAI appeared on BitcoinEthereumNews.com. Home » AI » SoftBank sells entire Nvidia stake for $5.8 billion to double down on OpenAI Shift in investment strategy highlights SoftBank’s growing focus on generative AI through partnerships and diversified tech holdings. Photo: Bolivia Inteligente Key Takeaways SoftBank sold its entire $5.8 billion stake in Nvidia, unloading 32 million shares. The move is part of the bank’s strategic effort to free up capital for new AI investments. SoftBank has fully exited its Nvidia position, selling 32 million shares worth $5.8 billion to reallocate funds toward its AI expansion, especially its deepening partnership with OpenAI. The firm described the divestment as part of an asset-monetization strategy designed to maintain financial discipline while fueling its next phase of AI-driven growth. Executives said the move ensures the company remains liquid and ready for major opportunities in the AI ecosystem. SoftBank has recently expanded its holdings in other AI-related companies like Oracle and TSMC to bolster its position in the generative AI sector. Disclaimer Source: https://cryptobriefing.com/softbank-sells-entire-nvidia-stake/