Guan Cha Zhe Wang·2025-11-12 00:57Core Viewpoint - The U.S. stock market experienced a divergence, with the Dow Jones reaching a historical high while AI tech stocks faced significant sell-offs, particularly Nvidia, which saw a market value drop of $143.1 billion following SoftBank's complete divestment of its shares in the company [1][4]. Group 1: Market Performance - The Dow Jones increased by 1.18%, closing at 47,927.96 points, while the Nasdaq fell by 0.25% to 23,468.30 points, and the S&P 500 rose by 0.21% to 6,846.61 points [1]. - Nvidia's stock dropped nearly 3% after SoftBank announced the sale of its entire stake, leading to a significant market reaction [1][4]. Group 2: SoftBank's Actions - SoftBank sold all its Nvidia shares for $5.83 billion (approximately 415 billion RMB) in October, as part of its asset monetization strategy [1][4]. - SoftBank's CFO, Yoshimasa Goto, emphasized the need to maintain financial strength while providing investment opportunities, indicating that the sale was not a negative reflection on Nvidia [1][4]. Group 3: Financial Implications - SoftBank is required to raise at least $30.5 billion in investment funds by late 2025, with $22.5 billion allocated for OpenAI and $6.5 billion for Ampere [4][5]. - Despite the sale, SoftBank's business interests remain closely tied to Nvidia, as it is involved in several AI projects that rely on Nvidia's technology [5][6]. Group 4: Financial Performance - For the first half of the fiscal year (April to September), SoftBank reported a net profit of 2.9 trillion yen (approximately 133.8 billion RMB), a 1.9-fold increase year-on-year, marking a record high for the company [6][7]. - The company's sales rose by 7.7% to 3.7 trillion yen (approximately 170.8 billion RMB) during the same period [6][7]. Group 5: Market Sentiment and Concerns - There are growing concerns about an "AI bubble," with analysts warning that the high valuations of leading AI companies may not be sustainable [7]. - Nvidia recently became the first company to reach a market capitalization of $5 trillion, reflecting investor confidence in the AI sector, but also raising alarms about potential overvaluation [7].