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SoftBank Shares Slide After $5.8bn Nvidia Stake Sale
SoftBank Group’s shares tumbled as much as 10 percent on Wednesday after the Japanese tech conglomerate confirmed it had sold its entire $5.8 billion stake in US chipmaker Nvidia.
Analysts said the sale was aimed at freeing up capital for major investments in artificial intelligence projects championed by SoftBank founder Masayoshi Son, including the massive “Stargate” AI infrastructure initiative in the United States.
Nvidia’s stock slipped three percent in New York following the announcement. The company’s high-performance chips are central to powering and training AI systems, making it a key player in the ongoing AI boom.
The global surge in AI-related investments has pushed technology shares sharply higher, with the Nasdaq up 25 percent since May — sparking growing concerns about inflated valuations and a potential market correction.
SoftBank’s chief financial officer, Yoshimitsu Goto, said the Nvidia sale was intended to ensure sufficient liquidity for upcoming financing needs.
Despite reporting a second-quarter profit of 2.5 trillion yen ($16.2 billion) driven by soaring AI-related holdings, analysts cautioned that the current momentum may not be sustainable.
While many see a strong long-term business case for generative AI, experts also warn that investor expectations and valuations could face sharp adjustments if growth slows.