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Key Facts
SoftBank sold its entire stake in Nvidia for over $5.8 billion in October 2023. This move follows Nvidia’s stunning stock rise of approximately 1,000% over the past three years due to its significant role in the artificial intelligence (AI) market.
Nvidia’s annual revenue surged more than 300% over the last two years as demand for its graphics processing units (GPUs) has increased among AI customers. SoftBank clarified that the sale was aimed at financing other AI investments, not due to a lack of confidence in Nvidia’s future.
Despite concerns about a potential AI bubble, SoftBank’s actions suggest continued optimism in the sector, reinforcing Nvidia’s pivotal position in the ongoing AI revolution.
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