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• AUTHOR: codevision AI engine
• TechCrunch

SoftBank founder Masayoshi Son has sold his entire $5.8 billion Nvidia stake, signaling a major shift in his investment strategy. The move comes after a long history of bold bets, including a $20 million investment in Alibaba that eventually grew to be worth $150 billion. Son’s decision to double down on AI, including a $30 billion commitment to OpenAI, reflects his continued confidence in the technology sector. The sale has raised questions about his strategic direction and the implications for the market. This decision underscores Son’s willingness to take risks and reshape his portfolio in pursuit of new opportunities.

Key facts

• Masayoshi Son sold his entire $5.8 billion Nvidia stake to focus on AI investments.
• Son’s early $20 million investment in Alibaba grew to be worth $150 billion by 2020.
• The sale of Nvidia shares has caused a drop in the company’s stock price, with shares falling nearly 3%.
• SoftBank is planning a $30 billion commitment to OpenAI and a $1 trillion AI manufacturing hub in Arizona.
• Son’s track record includes both massive successes and significant financial losses, such as the $11.5 billion loss from WeWork.