SoftBank sells entire Nvidia stake for $5.8bn as OpenAI drives profits

Japanese tech group says sale helped fund the switch to investing in another AI leader

20251026 Son of SoftBank and Altman of OpenAI

SoftBank CEO Masayoshi Son and OpenAI chief Sam Altman have become close partners in developing artificial intelligence businesses. © Reuters

TSUBASA SURUGA

TOKYO -- Japan's SoftBank Group has revealed it sold its entire stake in chipmaker Nvidia last month for $5.83 billion as its investments in another artificial intelligence leader, OpenAI, helped first-half profits to nearly triple those of a year earlier.

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