People walk in front of a branch of Japan’s telecoms giant SoftBank in Tokyo, Japan, on Nov. 23, 2018. Kazuhiro Nogi/AFP/Getty ImagesShares of artificial intelligence (AI) chipmaker Nvidia sank about 3 percent after Japan’s SoftBank sold its entire stake in the company to bankroll its investments in ChatGPT developer OpenAI.In its quarterly earnings results on Nov. 11, the Japanese investment holding giant disclosed that it sold 32.1 million Nvidia shares in October, totaling $5.83 billion.
Date:
More like thisRelated
Used Electric Vehicles Selling Fast, but Many See Sharp Declines in Value: Report
A Tesla Model X sits outside a Tesla store...
Reopening the Government: Heres What to Know About the Impact
After 40 days of political gridlock, lawmakers in the...
Target to Cut Prices on 3,000 Items Ahead of Holiday Season
A sign on a Target store in Harmarville, Pa....
US Private Sector Slashed 11,250 Jobs Per Week in October: ADP
A hiring ad displayed at a store in Columbia,...