SoftBank sold its entire stake in Nvidia for $5.8bn. It will use the money to help fund its other AI investments, which include the Stargate project and a possible $1trn AI and robotics hub in Arizona. Its investment in OpenAI, which is a partner in Stargate, is $30bn alone. The Japanese tech conglomerate made net income of ¥2.5trn ($16.2bn) in the latest quarter, double its profit from the same period last year, in part because of investment gains at its Vision Funds. SoftBank also announced a four-for-one stock split starting in January that it hopes will make its shares more accessible to investors.
