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-   -   [TomsHardware] Softbank Sells Entire $3.6 Billion Nvidia Investment (https://www.overclock.net/forum/225-hardware-news/1719974-tomshardware-softbank-sells-entire-3-6-billion-nvidia-investment.html)

agatong55 02-06-2019 07:49 AM

[TomsHardware] Softbank Sells Entire $3.6 Billion Nvidia Investment
 
Quote:

SoftBank was Nvidia's largest investor, but it dumped its share on January 10 the investment group said in its Q3 earnings for its fiscal year 2019. It was a little over 39.8 billion yen on Dec. 31, or just over $3.6 billion.


https://www.tomshardware.com/news/so...res,38564.html

Well this is interesting....

luisxd 02-06-2019 10:01 AM

seems they're jumping off the boat, could this be consequence of the cryptomining and investors issue they had earlier?

Omega X 02-06-2019 10:32 AM

Lying to your investors will do that.

mouacyk 02-06-2019 11:17 AM

Quote:

Originally Posted by Omega X (Post 27841398)
Lying to your investors will do that.

Their first problem was taking the risk of overproducing to capitalize on crypto-mining. Apparently, it was too much risk for some investors.

SHNS0 02-06-2019 01:59 PM

Wow this is hardcore

Jarhead 02-06-2019 02:03 PM

Here's the thing, NVIDIA's banking it's entire future on GPU's as a computing powerhouse. Problem, the crypto miners have already found a better solution in dedicated ASIC's, and crypto is not the only area of computing where this is likely to happen. Intel and AMD are both set to be competing with ARM and RISC5 for data centers because those architectures are significantly lower power-use while providing adequate speed. It's not at all a stretch to think that soon GPU's will be competing with some other specialized and cheaper tech in the data center. Add in the leadership's lying to the investors and those investors stop believing anything leadership says, like how bright the future is for the company as a whole.

Also, the situation at NVIDIA may be worse than anyone in the tech press actually knows.

bigjdubb 02-06-2019 02:37 PM

Is Softbank in financial trouble?

Darkpriest667 02-06-2019 03:52 PM

Quote:

Originally Posted by bigjdubb (Post 27841718)
Is Softbank in financial trouble?


LOL no https://group.softbank/en/corp/irinf...nnual_reports/

They just don't invest in firms that lie to investors. Nvidia is lucky as hell they didn't get the everliving crap sued out of them or investigated by the SEC. Lying to investors is a good way to lose a lot more than just stock price.

ILoveHighDPI 02-06-2019 03:52 PM

This is just one investment firm saying they predict Nvidia stock has reached its peak. If you don't have confidence of making significant gains then it's just a waste to hold stock that isn't growing.

Omega X 02-06-2019 03:57 PM

Quote:

Originally Posted by bigjdubb (Post 27841718)
Is Softbank in financial trouble?


You wish. They rake in 75 Billion a year and their stock is up after the news got out about their "Vision Fund" dumping Nvidia stock.


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