SoftBank dumps entire $5.8bn Nvidia stake
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Asian shares trade mixed following Wall St volatility; Nikkei gains limited by Softbank drop
Asia stocks trade mixed on Wednesday, Japan’s Nikkei index was hampered by notable losses in the heavyweight SoftBank Group. The conglomerate's stock fell as much as 10% Wednesday after news broke that it had sold its entire stake in chip giant Nvidia.
SoftBank Group Corp. explored a potential takeover of US chipmaker Marvell Technology Inc. earlier this year, people familiar with the matter said, in what would have been the semiconductor industry’s largest-ever deal.
The rally in stocks faded amid renewed caution over lofty valuations in the artificial intelligence sector as Japan’s SoftBank Group Corp. sold its stake in Nvidia Corp.
Investing.com-- Most Asian stocks rose on Wednesday with Hong Kong shares rebounding sharply on strength in local technology names, while losses in Softbank Group, after it sold its entire stake in Nvidia, hampered Japan’s Nikkei index.
Market watchers say the move also highlights a shift within the AI investment landscape. By cashing out of Nvidia and doubling down on OpenAI, SoftBank appears to be repositioning itself from a chip i
Asian markets mostly advanced on Wednesday, led by a sharp rebound in Hong Kong stocks, as optimism from Wall Street and strength in local technology names boosted sentiment. However, Japans Nikkei 225 saw limited gains,
SoftBank Group Corp. will make a $2 billion investment in Intel Corp., providing a boost to the embattled chipmaker amid ongoing discussions about a government intervention. Under the terms of the deal, SoftBank will buy $2 billion worth of Intel’s stock ...
The Japanese conglomerate’s billionaire founder, Masayoshi Son, has been studying Marvell as a possible target on and off for years, according to sources.
TOKYO, Nov 6 (Reuters) - SoftBank Group Corp (9984.T), opens new tab shareholders have an $80 billion question for Chief Executive Masayoshi Son when he presents the Japanese tech investment giant's earnings on Monday: Just what will he do with that cash ...
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