-10.9 C
Ottawa
Tuesday, January 20, 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

Kaiser Permanente Pays $556 Million to Settle Allegations of Medicare Fraud

Kaiser Permanente’s Oakland, Calif., hospital, on Oct. 4, 2023....

US Monthly Housing Payment Falls to $2,413: Report

A townhouse for sale in Elkridge, Md., on Dec....

Operation of Australias Largest Coal Power Station Extended to 2029

Eraring coal-fired power station, the largest in Australia, on...

Popeyes Franchisee With Over 130 Locations Files for Bankruptcy

CompaniesThe company blames its financial troubles on the lingering...