SoftBank’s $5.8 billion Nvidia stake sale stirs fresh AI bubble fears

Share via:



SoftBank Group‘s $5.8 billion sale of its Nvidia stake jolted stock markets on Tuesday, stoking fears that the frenzy around artificial intelligence may have peaked, especially after recent warnings from Wall Street bank chiefs and a famed short seller.

In its quarterly results, the Japanese tech investor said it had sold all the 32.1 million Nvidia shares it held in October to bankroll CEO Masayoshi Son’s sweeping AI push, built around his “all in” bet on ChatGPT-creator OpenAI. SoftBank needs the proceeds for initiatives including the $500 billion…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Popular

More Like this

SoftBank’s $5.8 billion Nvidia stake sale stirs fresh AI bubble fears



SoftBank Group‘s $5.8 billion sale of its Nvidia stake jolted stock markets on Tuesday, stoking fears that the frenzy around artificial intelligence may have peaked, especially after recent warnings from Wall Street bank chiefs and a famed short seller.

In its quarterly results, the Japanese tech investor said it had sold all the 32.1 million Nvidia shares it held in October to bankroll CEO Masayoshi Son’s sweeping AI push, built around his “all in” bet on ChatGPT-creator OpenAI. SoftBank needs the proceeds for initiatives including the $500 billion…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

Walmart Still Doesn’t Accept Apple Pay in the U.S....

As noted by 9to5Mac over the weekend, Walmart still...

The era of Photoshop may be over, as Adobe...

Is the era of Photoshop ending? You might be...

95% of AI pilots fail to deliver meaningful efficiency,...

As generative artificial intelligence (GenAI) reshapes how organisations...

Popular

melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal melhor-iptv-portugal