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SoftBank closes all positions in Nvidia, cashing out $5.8 billion, the leader in AI Computing Power faces pressure before the market opens.
[Coin World] SoftBank's recent move is quite aggressive – they directly sold off their holdings in Nvidia, cashing out 5.8 billion USD and leaving. Once the news broke, Nvidia's pre-market dropped directly by 1 point. It’s important to note that Nvidia is the backbone of AI Computing Power, having benefited the most from this round of AI frenzy. Is SoftBank exiting now because they think the valuation has peaked? Or are they reallocating to other sectors? Anyway, this amount of money is enough for them to stir things up for a while.