孙正义再次清仓英伟达

Core Viewpoint - SoftBank Group has liquidated its entire stake in Nvidia, cashing out $5.83 billion (approximately 415 billion RMB), leading to a significant drop in Nvidia's stock price and a loss of $100 billion in market capitalization overnight [1] Group 1: SoftBank's Investment History - SoftBank's relationship with Nvidia began in 2014 when it recognized Nvidia's potential in AI infrastructure, purchasing nearly 5% of its shares for $4 billion [1] - In 2019, SoftBank sold all its Nvidia shares for $7 billion, missing out on Nvidia's rise from a $100 billion market cap to $4 trillion [1] - SoftBank re-invested in Nvidia in 2024, increasing its stake to $1 billion, and later to $3 billion by March 2025, before selling all shares again for $5.83 billion [1] Group 2: Market Reactions and Analyst Opinions - Analysts are divided on Masayoshi Son's decision to sell; some view it as a wise move reflecting market risk sensitivity, while others see it as a negative signal given the long-term prospects of AI technology [1][2] - Concerns about an impending AI bubble are growing, with many investors fearing that the current valuations of AI stocks, including Nvidia's P/E ratio exceeding 100, are unsustainable [2][3] Group 3: Broader Market Sentiment - The performance of AI stocks has been under scrutiny, with Nvidia's market cap dropping from $5 trillion to $4.69 trillion, and other AI-related companies also experiencing significant declines [4][5] - A recent Bank of America survey indicated that over 60% of fund managers believe there is a bubble in AI stocks, marking a historical high [4][5] - Major financial institutions, including the Bank of England and the IMF, have warned that the current market conditions for AI stocks resemble the peak of the internet bubble [5] Group 4: Strategic Shifts and Future Outlook - SoftBank's decision to shift its investment focus towards ARM's AI chip development has been interpreted as a move towards more stable technologies rather than speculative investments [5] - Nvidia's founder, Jensen Huang, has also sold over $1 billion worth of Nvidia shares since June, indicating a lack of confidence in the stock's current valuation [6]