Core Viewpoint - SoftBank has sold its entire stake in NVIDIA for approximately 58.3 billion USD (around 415 billion RMB) and is shifting its investment focus towards OpenAI, committing an additional 22.5 billion USD to enhance its influence in the artificial intelligence sector [1] Group 1: SoftBank's Actions - SoftBank Group reported the sale of 32.1 million shares of NVIDIA, which includes holdings from its asset management subsidiary, completed by October 2025 [1] - The sale of NVIDIA shares resulted in a nearly 3% decline in NVIDIA's stock price, closing at a drop of 2.96% on November 11 [1] Group 2: Investment Strategy - SoftBank has signed a revised agreement with OpenAI, pledging to invest an additional 22.5 billion USD through its Vision Fund 2, with the full investment expected to be completed by December [1] - Founder Masayoshi Son is planning a series of investments aimed at building a significant presence in the artificial intelligence field [1] Group 3: Market Sentiment - Notably, prominent short-seller Michael Burry is reportedly betting against the AI bubble in the U.S., suggesting that excessive spending with low returns could lead to the collapse of many leading companies in the AI sector [1]

Core Points - The Tokyo stock market showed an upward trend on October 3, with the Nikkei 225 index closing up 1.85%, reaching a new record high [1] - The increase was influenced by the overnight rise in U.S. stocks and an influx of overseas buying [1] - The Nikkei index rose by 832.77 points, closing at 45769.50 points, surpassing the previous high set on September 25 [1] Sector Performance - The artificial intelligence and semiconductor sectors saw significant gains, driven by the strategic cooperation agreement between Hitachi and OpenAI announced on October 2 [1]

Group 1 - Global stock markets are experiencing a strong rally driven by optimism regarding easing inflation pressures, resilient corporate earnings, and expectations of upcoming interest rate cuts in the U.S. [1][3] - The MSCI global index, tracking over 2,500 stocks, has set new records for four consecutive trading days, while the S&P 500 index has reached historical highs [1][3]. - The recent decline in the U.S. Producer Price Index (PPI) has fueled expectations for interest rate cuts, with a 92% probability of a 25 basis point cut at the upcoming Federal Reserve meeting [3][4]. Group 2 - Strong corporate fundamentals are providing a solid foundation for the stock market's rise, with robust economic growth and corporate earnings supporting returns across major markets, including the U.S., Europe, Japan, and Asia [5][6]. - Oracle's impressive performance, particularly its optimistic outlook on AI-related revenues, has significantly boosted its stock price, adding $244 billion to its market capitalization in a single day, marking its best performance since 1992 [6]. Group 3 - Market sentiment has shifted rapidly from earlier concerns about persistent inflation and geopolitical risks to a more optimistic outlook [7]. - Analysts are closely monitoring the upcoming U.S. Consumer Price Index (CPI) data, as a surprising decline could further support the case for larger interest rate cuts [7]. - Potential risks remain, particularly regarding the impact of U.S. tariff policies, which may become more apparent in the coming months [7].