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Companies

SoftBank plans to unload Nvidia stake

Japanese conglomerate stands to make $3bn on sale

Nvidia graphics cards at a store in California.   © Reuters

PALO ALTO, U.S. -- SoftBank Group is considering selling its stake in Nvidia early next year as the California-based graphics processor company's stock price continues to decline, Bloomberg reported Tuesday, citing unidentified sources.

According to the report, SoftBank could pocket $3 billion from the share sale. But no final decision has been made, and the Japanese company could hang on to its interest or sell only part of it.

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