[TomsHardware] Softbank Sells Entire $3.6 Billion Nvidia Investment

Softbank is one of the 3 Japanese mobile carriers being NTT docomo, au by KDDI Softbank (formerly Vodafone, and before that J-phone). I personally never used Softbank, There service is sketchy over here sometimes. But they do make a lot of money. It is the only mobile carrier on Yokosuka naval base.

Can't find the news about hardware in the article.

No. On the contrary they are printing money.

I'm very very new to the whole investment industry and from what I understand Softbank is a really big player in this space, one that's very worth having as your partner.
And here you have a top investment firm telling every other small investor in the world that they've given up on the company.
Dumping a 5% stake of a company big as this is not something one does lightheartly. It's pretty much one of the biggest FU's one could ever send.

Anybody who knows this space better feel free to correct me, that's what I understood from it.

arrived in Japan 11yrs ago and was quite shocked at the monopoly local phone carriers have and the way they trapped, still are, customers within their ecosystem.

Less so with DOCOMO, somehow, as they are under the umbrella of the main public telecommunication company NTT (Japan telegraph&telephone) but with SOFTBANK, price plans were and still are outrageous (data and phone costs) compared to Europe so no wonder that they have plenty of money to invest.And phones are locked so you cant easily move to another operator.

they used to have Iphone exclusivity until 2yrs ago and I had no other choice then contract them for the american company office I manage here so they cashed in also a lot of money with Apple products adopters in Japan at the time.little bit less now that there is competition with other companies selling Iphones contracts.

I remember they bought Spring in the US a while ago and made investments in Uber (oops...) I think in 2017

they might be p***d at what NVIDIA had forgotten to share though,I bet some firm lawyers are lining at teh gate of their HQ to recover some of the loss here

Indeed. Troubled waters for Nvidia lie ahead. Their stock was ~ $290/share around Oct. 2018. It's now ~ $150/share.

Regarding big sell-offs, the 2001 dot-com bust was triggered by Ellison selling ~ $900M of Oracle stock - sending shockwaves in the markets and many companies worth hundreds of millions (a few more than a billion) vanished in record time.

Masayoshi Son is considered a genius and astute investor; if he's dumping NVDA, it's bad news. Period.

I guess they're feeling soft on nVidia banking them a profit...

imho, nVidia did this all to themselves... Not that they're in a particularly bad place with their market share and chip maker for the Nintendo Switch.

Major hardware manufacturer and vendor lost one of it's principal investors..


They are in a bad place, their stock fell almost 50% in ~4 months, they keep loosing market share against AMD, their last gen isn't selling as they expected, and they just lost one of their major investors.

This is the best, most informative topic about the future of Nvidia.
Sucks for them, they had great a great origin, almost inspirational but I guess karma caught up with Jensen. When will karma catch up with Intel?

Isn't that already happening?

If you read the their actual earnings report they used the sale of a lot of the stock to pay off debts and they gave no actual reason to why they dumped the others. They also covered nearly all their loss with options trades. I mean its most likley they took it out of the fund becuase the expected growth was not there and would hurt their fund. It does not mean that Nvidia is in trouble. They could be but this from what I'm reading in their report doesn't mean too much yet other than they didn't expect enough from nvidia in the future to keep it in one of their funds.

They also sold them to someone else so clearly someone thinks there is still value.