SoftBank Group has fully divested its holdings in Nvidia, selling 32.21 million shares for about $5.8 billion in October 2025. The sale came as Nvidia’s stock hovered just below record highs, making the move both profitable and symbolically significant.
In its earnings report, SoftBank emphasized that the decision was not meant to signal declining faith in Nvidia but rather to free up capital for its next phase of AI expansion. The company plans to redirect proceeds toward investments in AI infrastructure and closer collaboration with OpenAI.
Even so, the announcement triggered a noticeable reaction on Wall Street. Nvidia shares fell about 3% after the news, and analysts were quick to interpret the move as a potential warning sign that the AI sector’s spectacular run might be losing momentum. Market watchers also pointed out that such a large-scale capital rotation by a major player could signal a broader shift in sentiment across the tech landscape.
SoftBank’s relationship with Nvidia has been lucrative — its early investment delivered huge gains as the chipmaker became the backbone of the AI boom. However, this complete exit marks a strategic realignment: the conglomerate appears more focused on AI applications and software than on the hardware layer dominated by Nvidia. Some analysts see it as SoftBank’s way of banking profits while staking out a position for the next phase of the AI cycle.
Critics note that SoftBank has occasionally moved too soon in the past — previously selling Nvidia shares long before their historic surge. Whether this latest divestment proves prudent or premature remains to be seen. For now, the move underscores a larger theme in today’s markets: as AI enthusiasm pushes valuations to new extremes, even the biggest winners are starting to take some chips off the table.
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