This picture features Masayoshi Son, the founder of SoftBank, and the three key turning points in his investment career.

1. Investing in Alibaba and earning 72 billion dollars: In 2000, he invested 20 million dollars in Alibaba (later increased to 80 million), acquiring about 35% of the shares. As Alibaba rose, the return was approximately 72 billion dollars, making him legendary in one stroke~

2. Selling Nvidia and losing 245 billion: In 2017, he bought 4.9% of Nvidia for 4 billion dollars. In 2019, due to cash flow pressure, he liquidated with 7 billion dollars. Later, with the AI boom, these shares are now worth 245 billion dollars, which became his biggest regret. He has publicly said he regrets it.

3. Acquiring ARM with a floating profit of 250 billion (core reversal story): In 2016, he spent 32 billion dollars to acquire ARM. In 2020, he wanted to sell ARM to Nvidia for 40 billion dollars but was blocked by antitrust issues, so he pushed for ARM's IPO. As AI took off, by 2026, ARM's market value exceeded 360 billion dollars, with SoftBank holding 87%, resulting in a floating profit of over 300 billion dollars. That’s why he said, “The 250 billion floating profit can be held because I wanted to sell it back then but didn’t,” perfectly illustrating “a happy accident” (literally “unintentional planting, but the tree grows well”).

Still focusing on the primary market, Conan (Conan) — the first phase of the ecosystem is online, capturing early low-cost chips. Sol chain tail number xBQt.