SoftBank shares plunge as much as 10% after selling Nvidia stake

Group 1 - SoftBank Group sold its entire stake in Nvidia for $5.83 billion to fund a $22.5 billion investment in OpenAI [1][2] - The sale of 32.1 million Nvidia shares occurred in October, alongside a reduction in SoftBank's T-Mobile position, raising an additional $9.17 billion [2] - SoftBank's CFO emphasized the importance of providing investment opportunities while maintaining financial strength [2] Group 2 - SoftBank's Vision Fund was an early investor in Nvidia, building a $4 billion stake in 2017 before fully divesting in January 2019 [3] - Despite the sale, SoftBank remains connected to Nvidia through broader business interests [3] - Analysts view SoftBank's actions as a bullish signal for its investment strategy rather than a bearish one [3] Group 3 - OpenAI is a central focus of SoftBank's GenAI portfolio, while hardware investments continue through its stake in Arm Holdings [4] - SoftBank has a controlling stake in Arm, which designs chips for mobile and AI processors [4] Group 4 - Other tech stocks in the region, including Advantest and Tokyo Electron, experienced declines following SoftBank's announcement [5] - TSMC, the largest contract chipmaker, and SK Hynix also saw minor decreases in their stock prices [5]