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Technology Stocks : Artificial Intelligence, Robotics, Chat bots - ChatGPT
NVDA 176.23+0.7%3:59 PM EST
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From: Frank Sully12/1/2025 11:41:07 PM
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SoftBank (OTCPK:SFTBY)(OTCPK:SFTBF) founder Masayoshi Son said he "was crying" when he decided to sell his company's stake in Nvidia (NVDA) to help finance further investments in artificial intelligence, according to Bloomberg.

Son made the comments during the FII PRIORITY Summit in Tokyo on Monday.

"I don't want to sell a single share," Son said, according to the report. "I just had more need for money to invest in OpenAI (OPENAI)" and other projects.

In October, SoftBank unloaded its entire stake in Nvidia of 32.1M shares for $5.83B.

Despite the sale, SoftBank remains deeply exposed to the AI boom through its portfolio and infrastructure bets, including ventures that depend on Nvidia's chips such as the planned $500B Stargate data center project in the U.S. with OpenAI. The Japanese technology company also holds stakes in Arm Holdings (ARM) and Taiwan Semiconductor Manufacturing Co. (TSM), both beneficiaries of the global surge in AI-related chip demand.

During the event, Son opined that anyone who thinks AI is in a bubble is "not smart enough," the report said. He said if AI can eventually earn 10% of global gross domestic product, it would more than make up for trillions in investments.
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