Shares in SoftBank Group fell by as much as 10 per cent the morning after it revealed it had sold its entire stake in chipmaker Nvidia for $5.8bn in order to fund massive investments in artificial intelligence, including OpenAI.
The stock recovered to close down 3.5 per cent, and is still up close to 140 per cent so far this year.
However some analysts said retail investors would have sold after the announcement of the Nvidia exit, amid concerns that SoftBank’s chief Masayoshi Son was deepening his commitment to OpenAI, the maker of ChatGPT.
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