Zheng Quan Shi Bao·2025-12-01 14:24Core Viewpoint - Masayoshi Son, founder of SoftBank Group, expressed regret over selling all shares of Nvidia, stating that if unlimited funds were available for AI projects, the sale would not have occurred. The need for capital to invest in data centers and AI initiatives prompted the decision [1]. Group 1: SoftBank's Investment Strategy - SoftBank has sold all 32.1 million shares of Nvidia, valued at approximately $5.83 billion, to finance investments in AI, including a $30 billion commitment to OpenAI [1][2]. - The company has raised over $11 billion by selling portions of its stakes in T-Mobile US and Deutsche Telekom, and has increased its collateralized loans linked to Arm shares by $6.5 billion [2]. - SoftBank is actively seeking other AI-related investment opportunities, including a $5.4 billion acquisition of ABB's robotics business to integrate AI with robotics [2]. Group 2: AI Bubble Discussion - Concerns about an "AI bubble" have intensified, particularly as Nvidia's market capitalization surged from $4 trillion to over $5 trillion in a short period, leading to comparisons with the 2000 internet bubble [3]. - Critics argue that the rapid increase in tech stock prices driven by AI enthusiasm resembles the conditions preceding the internet bubble burst, with Nvidia's stock experiencing a 16% decline from its peak [3]. - Alibaba's chairman, Joe Tsai, acknowledged the possibility of a financial bubble in AI but emphasized the genuine technological foundation of AI, suggesting that investments in AI infrastructure will not be wasted [3].