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There are reports that SoftBank Group Japan has completely liquidated its Nvidia shares, selling for $5.8 billion. Nvidia's stock price dropped before the market opened, with the decline expanding to 1%.
However, SoftBank is not resting. It plans to invest an additional $22.5 billion into OpenAI through Vision Fund 2 in December.
This move reminds people of Masayoshi Son's legendary bet on Alibaba back in the day. It now seems he is fully committed to the AI track. Transitioning from hardware chips to AI large models is a bold move. Market sentiment towards cryptocurrencies like Bitcoin, Ethereum, and Solana is also becoming subtle—after all, the narratives of AI and Web3 have always been intertwined.
Will Masayoshi Son be able to replicate Alibaba's success this time? Stay tuned.