Zheng Quan Shi Bao Wang·2025-11-12 11:35Core Insights - Son Masayoshi, founder of SoftBank, has sold all his shares in Nvidia for $5.8 billion and invested $22.5 billion in OpenAI, indicating a strategic shift in his investment focus from hardware to software and AI models [1][2] - This move reflects a broader strategy to reposition within the AI value chain, suggesting that SoftBank is not bearish on AI but is instead aiming to take a more prominent role in the AI ecosystem [1][2] - SoftBank's recent financial performance shows that its investment in OpenAI has contributed over 50% of its investment returns, significantly boosting its net profit by 190% in the second quarter [2] Investment Strategy - Son's investment philosophy emphasizes high-risk, high-reward strategies, focusing on disruptive technologies rather than diversifying risk [2][3] - The decision to invest in OpenAI is seen as a bet on the future of AI, contrasting with Nvidia, which represents the current state of AI technology [2] - The ongoing investments in companies like Ampere Computing and participation in AI manufacturing initiatives illustrate a comprehensive strategy to dominate the AI ecosystem [2] Market Perception - There is skepticism in the market regarding Son's extreme foresight, questioning whether he anticipates a peak in AI hardware growth or a shift in value towards AI models [3] - The outcome of this bold investment strategy could either lead to significant success or repeat past mistakes, highlighting the high stakes involved in his approach [3]