CNA938 Rewind - SoftBank cashes out of Nvidia, stirring fresh AI bubble fears
SoftBank sold its entire US$5.8 billion (S$7.6 billion) stake in Nvidia to fund CEO Masayoshi Son’s ambitious AI ventures, including major investments in OpenAI and the US$500 billion Stargate data-centre project. The move sparked concerns of an AI market bubble, with Nvidia and SoftBank shares both falling after the sale. Andrea Heng and Hairianto Diman find out more from Rolf Bulk, Equity Research Analyst, New Street Research.