软银清仓英伟达

Core Viewpoint - SoftBank unexpectedly sold all its shares in Nvidia, cashing out approximately $5.83 billion, amid rising concerns about the overvaluation of AI concept stocks [1][6]. Financial Performance - For the second quarter of the fiscal year 2025, SoftBank reported a net profit of 2.5 trillion yen (approximately $162 billion), significantly exceeding analysts' expectations of 418.2 billion yen [1]. - The strong performance was attributed to successful investments in artificial intelligence [1]. Stock Split Announcement - SoftBank announced a 1-for-4 stock split effective January 1 of the following year [2]. Investment Portfolio - SoftBank's investment portfolio includes several leading AI companies, such as OpenAI, contributing to substantial paper gains and a 78% increase in stock price over the three months ending September [2]. - Analysts from Citigroup raised their target price for SoftBank to 27,100 yen, linking it to OpenAI's valuation, which is estimated to be between $500 billion and $1 trillion [2]. Nvidia's Market Position - Nvidia's market capitalization recently surpassed $5 trillion, making it the first company to reach this milestone [7]. - Nvidia's stock has increased over 40% this year and has surged more than tenfold since the launch of ChatGPT in 2022, raising concerns about a potential AI bubble [7]. Historical Context of Nvidia Holdings - This is not the first time SoftBank has sold its Nvidia shares; it previously sold its entire stake in 2019 for $7 billion, missing out on significant gains as Nvidia's market value soared [7]. - SoftBank had re-entered Nvidia's stock last year, increasing its holdings to approximately $3 billion by March of this year [7]. Future AI Investments - SoftBank's founder, Masayoshi Son, is optimistic about the potential of artificial intelligence and is planning significant investments to enhance the company's influence in the AI sector [9]. - Current initiatives include deploying a "Stargate" data center, planning a $30 billion investment in OpenAI, and lobbying for a $1 trillion AI manufacturing center in collaboration with companies like TSMC [9].