华尔街见闻·2025-11-12 10:12Core Viewpoint - SoftBank founder Masayoshi Son has made a significant move by liquidating all of SoftBank's $5.8 billion stake in Nvidia to reinvest in the AI sector, including a planned $30 billion investment in OpenAI and participation in a $1 trillion AI manufacturing center project in Arizona [1][3]. Group 1: Nvidia Stake Sale - SoftBank sold all 32.1 million shares of Nvidia at an exit price of approximately $181.58 per share, which is only 14% lower than Nvidia's historical peak of $212.19 [2]. - Despite analysts suggesting that this move should not be interpreted as a negative stance towards Nvidia, the stock price still fell nearly 3% following the announcement [3]. Group 2: Historical Context of Investment Style - Son's investment history is characterized by extreme bets, including a significant loss of $70 billion during the internet bubble burst and a legendary investment of $20 million in Alibaba that grew to $150 billion by 2020 [7][9]. - The previous complete exit from Nvidia in 2019 resulted in a substantial loss, as SoftBank sold shares worth $3.6 billion that are now valued at over $150 billion [3][19]. Group 3: Market Reactions and Implications - The decision to fully liquidate the Nvidia stake raises questions in the market about whether Son has identified risks that others have overlooked [4][19]. - Son's history of extreme investment decisions creates uncertainty for investors, who can only rely on past performance as a guide [5][19]. Group 4: Future Aspirations - Son has been seeking another comeback in his career, and his actions suggest that when he does not push all his chips to the center of the table, it is often more surprising [20].