-13.9 C
Ottawa
Friday, January 16, 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

Truth Social ETFs Launch at the New York Stock Exchange

Troy Rillo and colleagues at the New York Stock...

Chinas Trade Surplus Surges to Record $1.2 TrillionWhere Are the Goods Going?

Last year’s trade surplus represents a 20 percent increase...

What Happened to Crypto?

Representations of cryptocurrencies are seen in an illustration photo....

Trump Says He Fears Losing Kevin Hassett If Appointed as Fed Chair

The odds of former Federal Reserve Governor Kevin Warsh...