0 C
Ottawa
Tuesday, March 3, 2026

Nvidia Shares Dip as SoftBank Unloads Holdings to Fund OpenAI Investments

Date:

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.

spot_imgspot_imgspot_img

Share post:

More like this
Related

Gender Pay Gap Figures Suggest Women Earn About 89 Cents to Every Dollar a Man Does

Australia NewsMen are 1.8 times more likely to be...

Pending Luxury Home Sales Surge in West Palm Beach, Defying National Trends

West Palm Beach, Florida. Sean Pavone/Dreamstime/TNSWith wealthy buyers relocating...

White House Preparing Plan to Stabilize Oil Markets: Rubio

US NewsCrude oil prices surged 8 percent following the...

Big Tech, AI Leaders Urge Washington Governor to Pause Tax Proposals

Washington State Attorney General Bob Ferguson speaks at a...