SoftBank sells $5.8B in NVIDIA
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SoftBank Group Corp.’s stock slid as much as 10% after the tech investor’s exit from AI sector leader Nvidia Corp. spooked investors already nervous about climbing tech sector valuations.The Japanese company’s shares touched a one-month low during early morning trading in Tokyo.
SoftBank Group Corp reported a surprise quarterly profit jump after a tech rally boosted the value of its holdings in companies such as Nvidia Corp and Intel Corp.
SoftBank plans to acquire Ampere Computing for $6.5 billion. Ampere will operate as a wholly owned subsidiary of SoftBank Group and retain its name, while lead investors Carlyle and Oracle will sell their stakes. Ampere develops high performance Arm CPUs ...
SoftBank Group Corp sold its entire stake in Nvidia Corp., pocketing $5.8 billion ahead of a rash of planned investments by founder Masayoshi Son to build his own sphere of influence supporting artificial intelligence.
The parallels run deeper than you think between the Japanese investing conglomerate and America's Team.
Japanese conglomerate SoftBank Group explored a potential acquisition of chipmaker Marvell Technology earlier this year, according to a report in Bloomberg. Marvell and Softbank are not in active negotiations,
Arm and its owners SoftBank are reportedly looking to acquire Ampere Computing. According to a report from Bloomberg, “strategic options” are being explored with regards to a proposed takeover. SoftBank first expressed an interest in acquiring Ampere ...
Masayoshi Son, the 68-year-old CEO of SoftBank, has a mixed track record when it comes to massive, high-stakes investments.