Guan Cha Zhe Wang·2025-12-01 13:41Core Viewpoint - SoftBank Group's founder Masayoshi Son expressed that the sale of Nvidia shares was a necessary move to raise funds for future investments in artificial intelligence, despite emotional attachment to the stock [1][2]. Group 1: SoftBank's Investment Strategy - SoftBank has heavily invested in AI this year, including projects with OpenAI and Oracle, and plans to invest an additional $6.5 billion in OpenAI [2]. - The company has also announced plans to acquire U.S. chip company Ampere for $6.5 billion [2]. - SoftBank's second-quarter net profit reached 2.5 trillion yen (approximately 114.2 billion yuan), significantly exceeding analyst expectations of 418.2 billion yen (approximately 19.1 billion yuan) [2]. Group 2: Nvidia's Financial Performance - Nvidia reported third-quarter revenue of $57.006 billion, a 62% increase year-over-year, with net profit of $31.91 billion, up 65% [2]. - The data center business achieved record revenue of $51.2 billion in the third quarter, a 66% year-over-year increase [2]. - Nvidia's fourth-quarter revenue is projected to be around $65 billion, with a gross margin expected at 74.8% [2]. Group 3: Market Concerns and AI Bubble - Despite Nvidia's strong financial results, investor concerns about an "AI bubble" have intensified, leading to a 14.45% decline in Nvidia's stock price over the past month [3]. - The market is questioning whether Nvidia is artificially creating demand through complex financing structures rather than responding to genuine market needs [3]. - Research from MIT found that 95% of companies investing in AI reported zero return on investment, while Bain & Co. predicts a $800 billion shortfall in revenue needed to meet expected demand by 2030 [4].