SoftBank sells entire $5.8 billion Nvidia stake as quarterly profit doubles
Japan’s SoftBank group has sold its entire stake of 32.1 million shares in US chipmaker Nvidia for $5.8 billion as it reported that its quarterly net profit had more than doubled.
The Japanese technology-investment firm, which logged a net profit of 2.5 trillion yen ($16.2 billion), sold the shares to Nvidia in October, while also disclosing that it had sold part of its T-Mobile stake for $9.17 billion.
