Core Insights - SoftBank Group's net profit for the period from April to September increased to 2.924 trillion yen, a 2.9 times rise compared to the same period last year, marking a historical high for this timeframe [2][3] - The Vision Fund's investment returns significantly increased, driven by the rising stock prices of Coupang and Didi Chuxing, as well as the valuation increase of OpenAI [2][3] Financial Performance - The Vision Fund's investment returns reached 3.5361 trillion yen, a substantial increase from 610.3 billion yen in the previous year [3] - SoftBank's net asset value (NAV) reached a record high of 36.2 trillion yen as of November 10, with a market capitalization of 32.4 trillion yen, reflecting a discount rate of approximately 10% relative to NAV [3][5] Investment Activities - The financial report included a 2.1567 trillion yen investment gain from SoftBank's investment in OpenAI, with a total investment of 10.8 billion USD as of September 30, and a fair value of 26.5 billion USD based on market prices [2] - SoftBank reported an investment profit of 354.4 billion yen from NVIDIA stocks and announced the sale of all its NVIDIA shares for 5.83 billion USD [2] Corporate Actions - SoftBank plans to increase its investment in the Vision Fund by 22.5 billion USD in December, raising its stake to approximately 11% [2] - The company announced a stock split of 1 share into 4 shares effective January 1, 2026, with a dividend of 5.5 yen per share for the fiscal year ending March 2026 [5]

Core Insights - SoftBank Group has sold its entire stake in Nvidia, cashing out $5.83 billion, which has led to a 2.96% drop in Nvidia's stock price [1] - The sale involved 32.1 million shares of Nvidia, which were sold at a price of $5.83 billion as of the end of the second quarter [1] - SoftBank plans to invest an additional $22.5 billion in OpenAI, with the investment expected to be completed by December through the SoftBank Vision Fund 2 [1] Historical Context - SoftBank initially invested $4 billion in Nvidia in 2017, acquiring nearly 5% of the company [1] - In 2019, SoftBank sold all its Nvidia shares for $7 billion, missing out on Nvidia's market value increase from $100 billion to $4 trillion [1] - After a period of renewed interest, SoftBank increased its Nvidia holdings to approximately $3 billion before the recent liquidation [1] Market Sentiment - The timing of SoftBank's announcement comes amid rising concerns about potential bubbles in AI investments, sparking intense debate in the market [2]

Group 1 - SoftBank Group sold all its shares in NVIDIA, totaling 32.1 million shares, for $5.83 billion in October, capitalizing on the rising stock price [1] - Founder Masayoshi Son plans to invest heavily in artificial intelligence, focusing on companies like OpenAI and Oracle, with an additional investment of $22.5 billion in OpenAI planned for December [1] - The financial report indicated a strong performance, with a net profit of 2.5 trillion yen, a 111.9% increase year-on-year, surpassing market expectations [10] Group 2 - Son's initial investment in NVIDIA began in 2017, acquiring nearly 5% of the company for $4 billion, but he sold all shares in 2019, missing out on potential returns exceeding $160 billion by 2024 [2][3] - NVIDIA's market value reached a historic high of $5 trillion, driven by partnerships in AI and quantum computing, while CEO Jensen Huang has been actively selling shares, accumulating over $1 billion since June [5][6] - Analysts express caution regarding the sustainability of the AI investment boom, with significant positions in short-selling AI stocks indicating potential market corrections [6][7][9] Group 3 - SoftBank's strategy includes reducing investments in other sectors to focus on AI and chip industries, with discussions ongoing about participating in a $1 trillion AI manufacturing center in Arizona [12] - OpenAI has been aggressively recruiting AI talent from major tech companies, reflecting its commitment to advancing AI technology, which may have influenced Son's investment decisions [12]

OpenAI便是软银的新目标。今年3月，软银集团与OpenAI签署最终协议，对OpenAI Global进行最高400 亿美元的后续投资，扣除将向共同投资者转贷的100亿美元后，软银集团的实际投资额预计为300亿美 元。 图片来源：视觉中国 软银在AI领域的投资策略发生了重大变化。 11月11日，软银集团在发布的业绩报告中提到，截至第二季度末，其持有的3210万股英伟达股票（含资 产管理子公司持股）已于2025年10月以58.3亿美元价格售出。同时，软银还宣布将向OpenAI追加225亿 美元投资，计划于12月通过软银愿景基金2号完成全部投资。 公开资料显示，软银曾在2017年以40亿美元买入英伟达近5%的股份，成为其大股东之一。但在2019 年，出于资金流动性需求以及当时对英伟达股价涨幅的判断，软银以70亿美元清空全部持股，错失了英 伟达此后从千亿市值飙升至万亿美元级别的超级红利。 不过从去年开始，软银重新加码英伟达，去年四季度持仓10亿美元，今年一季度再次将英伟达持仓增至 约30亿美元，直至此次清仓减持。 软银创始人孙正义此前公开表示，后悔在2019年卖掉英伟达股票，认为错失了一条"大鱼"。但此次清仓 表 ...

Core Insights - SoftBank Group's net profit for the period from April to September increased to 2.924 trillion yen, a 2.9 times rise compared to the same period last year, marking a historical high for this timeframe [2][4] - The Vision Fund's investment returns significantly increased, driven by the rising stock prices of Coupang and Didi Chuxing, as well as the valuation increase of OpenAI [2][4] Financial Performance - The Vision Fund's investment returns reached 3.5361 trillion yen, a substantial increase from 610.3 billion yen in the same period last year [4] - SoftBank's investment in OpenAI contributed 2.1567 trillion yen to the investment returns, with a total investment of 10.8 billion USD as of September 30, and a fair value of 26.5 billion USD based on market prices [4] - The company reported a profit of 354.4 billion yen from its investment in NVIDIA, and subsequently sold all its NVIDIA shares for 5.83 billion USD [4] Net Asset Value (NAV) - As of November 10, SoftBank's NAV reached 36.2 trillion yen, the highest level in history, with a market capitalization of 32.4 trillion yen, reflecting a discount rate of approximately 10% [5][7] - The recent years saw SoftBank's market value hovering around half of its NAV, but this discount has largely been eliminated [7] Corporate Actions - SoftBank announced a stock split, converting one share into four, effective January 1, 2026, with a planned dividend of 5.5 yen per share for the fiscal year ending March 2026 [7]

Core Insights - SoftBank sold all its shares in Nvidia for $5.8 billion to free up cash for significant investments in AI, particularly the Stargate project [5][6][7] - The sale reflects SoftBank founder Masayoshi Son's commitment to financing AI initiatives, including investments in OpenAI [5][6][7] - Following the announcement, SoftBank's shares dropped as much as 10%, while Nvidia's shares fell by 3% [5][6] Financial Performance - SoftBank reported a net profit of 2.5 trillion yen ($16.2 billion) in the second quarter, more than doubling due to the rise in AI-related shares [6][7] - The decision to sell Nvidia shares was made to utilize the capital for financing, as stated by SoftBank's CFO Yoshimitsu Goto [6][7] Market Context - The Nasdaq index has surged 25% since May, raising concerns about a potential market bubble in the tech sector [2][5] - Analysts express mixed views on the sustainability of AI valuations, with some warning that current optimism may lead to frothy valuations [7][8]

Core Viewpoint - SoftBank has sold its entire stake in NVIDIA for approximately 58.3 billion USD (around 415 billion RMB) and is shifting its investment focus towards OpenAI, committing an additional 22.5 billion USD to enhance its influence in the artificial intelligence sector [1] Group 1: SoftBank's Actions - SoftBank Group reported the sale of 32.1 million shares of NVIDIA, which includes holdings from its asset management subsidiary, completed by October 2025 [1] - The sale of NVIDIA shares resulted in a nearly 3% decline in NVIDIA's stock price, closing at a drop of 2.96% on November 11 [1] Group 2: Investment Strategy - SoftBank has signed a revised agreement with OpenAI, pledging to invest an additional 22.5 billion USD through its Vision Fund 2, with the full investment expected to be completed by December [1] - Founder Masayoshi Son is planning a series of investments aimed at building a significant presence in the artificial intelligence field [1] Group 3: Market Sentiment - Notably, prominent short-seller Michael Burry is reportedly betting against the AI bubble in the U.S., suggesting that excessive spending with low returns could lead to the collapse of many leading companies in the AI sector [1]

【#软银回应清仓英伟达原因#】近期软银一系列动作引发关注，清仓英伟达、减持T - Mobile股权，筹 得150亿美元。软银首席财务官后藤芳光解释，是为满足对OpenAI的大规模投资需求。数据显示，今年 4至9月软银投资收益3.92万亿日元，OpenAI估值上升就占了2.15万亿日元（约合人民币992亿元）。这 表明OpenAI在软银投资版图中占据重要地位，其强大的吸引力促使软银调整资金配置，集中资源投入 这一潜力巨大的领域。#软银资金运作##OpenAI投资# 来源：@商界BUSINESS微博 ...

Group 1 - SoftBank's stock fell by over 10% after announcing the liquidation of its entire stake in NVIDIA, cashing out $5.83 billion, which will be used to support a $22.5 billion investment in OpenAI [1][2] - SoftBank sold 32.1 million shares of NVIDIA and raised $9.17 billion by reducing its position in T-Mobile [1] - The CFO of SoftBank stated the intention to maintain financial strength while creating more investment opportunities for investors [1] Group 2 - Analysts view SoftBank's move as a bullish signal for its AI strategy rather than a bearish outlook on hardware [2] - SoftBank retains a strategic priority in hardware through its controlling stake in Arm Holdings, which supports mobile devices and AI processors [2] - The sell-off affected several tech companies in the Asia-Pacific region, with declines observed in semiconductor testing equipment manufacturers and major chip foundries [2]

Group 1 - SoftBank Group has sold all its shares in Nvidia for $5.83 billion to fund its AI investment projects, causing its stock to drop by 10% in early trading [1] - Despite announcing better-than-expected quarterly results and a 1-for-4 stock split plan, SoftBank's stock still fell, indicating investor concerns over high valuations in the tech sector [1][2] - The debate over whether the significant capital influx into AI, projected to exceed $1 trillion from major tech companies like Meta and Alphabet, will yield corresponding returns is intensifying [1] Group 2 - SoftBank's founder, Masayoshi Son, is restructuring the investment portfolio to finance various AI projects, including collaborations with OpenAI and Oracle [1][2] - The CFO of SoftBank, Yoshimasa Goto, stated that the sale of Nvidia shares was a necessary financing move and did not comment on whether the industry is experiencing an AI investment bubble [2] - As of March 2023, SoftBank had increased its investment in Nvidia to approximately $3 billion, benefiting from Nvidia's market value growth of over $2 trillion since that time [3] Group 3 - SoftBank reported a surprising net profit of 2.5 trillion yen (approximately $162 billion) for the second fiscal quarter, significantly exceeding analyst expectations [3] - The value of OpenAI has increased by $14.6 billion since SoftBank's investment, contributing to the company's strong earnings [3]