Core Viewpoint - SoftBank Group has liquidated its entire stake in Nvidia, cashing out $5.83 billion, raising concerns about a potential AI bubble burst in the market [2] Group 1: SoftBank's Actions - SoftBank's divestment from Nvidia is primarily aimed at funding its AI projects, including a $40 billion investment in OpenAI and participation in the "Star Gate" project with Oracle, which requires significant data center construction [4] - SoftBank's founder, Masayoshi Son, previously expressed regret over selling Nvidia shares in 2019, indicating a lack of timing precision in trading Nvidia stocks [5] Group 2: Hedge Fund and Institutional Movements - Bridgewater Associates significantly reduced its Nvidia holdings by nearly two-thirds in Q3, along with substantial reductions in Alphabet, Amazon, and Microsoft stocks, citing increasing risks to market stability [2] - Citigroup also disclosed reductions in its holdings of major tech companies, including Nvidia, Microsoft, Apple, and Amazon, while raising Nvidia's target price from $210 to $220 [2] Group 3: Market Sentiment and Concerns - Concerns about an AI bubble are growing, with industry leaders warning that many AI companies are overvalued despite low revenues [3] - Michael Burry, known for predicting the 2008 financial crisis, expressed worries about the underestimation of chip depreciation costs by major AI infrastructure providers, suggesting that profits may be overstated [3] Group 4: Future Projections and Industry Outlook - AMD's CEO forecasts that the data center chip and system market could reach $1 trillion by 2030, with annual revenue from data center chips expected to hit $100 billion within five years [6] - A report from Accel predicts that new AI data center capacity will reach 117 gigawatts by 2030, necessitating approximately $3.1 trillion in revenue to cover nearly $4 trillion in capital expenditures over the next five years [5][6]
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