SoftBank Group Aktie News

Asian semiconductor stocks faced sharp declines on Friday after Nvidia's unexpected drop on Wall Street triggered a broad sector-wide pullback, despite the US chip designer posting stronger-than-expected earnings and offering an upbeat outlook. The retreat was led by steep losses in Japan's SoftBank, which fell more than 10% in Tokyo trading.

SoftBank and other major Asian chip names slumped as regional markets followed Nvidia's U.S. selloff. Key suppliers to the American AI giant, from SK Hynix to TSMC, logged steep losses despite Nvidia's upbeat outlook.

SoftBank plans to invest up to $3 billion to overhaul an electric vehicle facility in Lordstown, Ohio, which will produce equipment for OpenAI's forthcoming data centers after being remodeled, The Information reported on Thursday.

Peter Thiel's hedge fund sold its entire Nvidia stake in the third quarter. The sale followed SoftBank's offloading of Nvidia in Q3, amid concerns of an AI bubble in the market.

A week after Japan's richest man disclosed that his firm fully divested his $5.8 billion stake in Nvidia, one of America's richest, Peter Thiel, has said he's done the same.

Tokyo-listed shares of SoftBank Group fell sharply on Friday, extending a three-day losing streak as investors digested the Japanese conglomerate's disclosure that it had sold its entire stake in US chipmaker Nvidia for $5.83 billion. The stock fell nearly 9% in early trade, before trimming losses to 5% lower later in the day.

SoftBank Group Corp. delivered strong Q2 earnings, driven by massive non-cash gains from its early investment in OpenAI. SFTBY sold its entire Nvidia stake to boost its OpenAI position, signaling a strategic shift towards AI software. Owning SoftBank Group offers investors rare indirect exposure to OpenAI, now valued at $500B, ahead of a potential future IPO.

SoftBank's latest financial manoeuvres highlight a familiar tension for the Japanese group: balancing Masayoshi Son's appetite for high-risk, high-reward bets with the practical limits of its own balance sheet. The company has been selling down lucrative holdings, including a multibillion-dollar stake in Nvidia Corp (NASDAQ:NVDA, ETR:NVD) and a portion of its T-Mobile US shares, to help fund an...