SoftBank Sells Nvidia Stake for $5.83B, Funding Next-Gen AI Initiatives

SoftBank has sold its entire Nvidia stake, worth an estimated $5.83 billion, to fund the development of next-generation AI technologies. The move comes as part of a strategic shift by Softbank to prioritize investments in artificial intelligence. This sale signifies the company’s commitment to furthering AI research and development, while having minimal impact on the cryptocurrency market or Nasdaq tech stocks.