SoftBank Says It Sold Its Entire Nvidia Stake. The Chip Stock is Sliding.

Business

Softbank Says It Sold Its Entire Nvidia Stake. The Chip Stock Is Sliding.

By Investopedia

SoftBank is out of Nvidia stock—but not the AI trade. The Japanese company in a Tuesday statement said it sold 32.1 million shares of chip giant Nvidia (NVDA), a "complete sale," in October, raising $5.83 billion. That comes to an average price of ju ...Read more

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