SoftBank posts $22 bn gain as it exits Nvidia, leans on AI bets
SoftBank sold its Nvidia stake during Q2 as its OpenAI investment drove a $22.2 billion Vision Fund gain. CEO Masayoshi Son said the firm remains committed to AI despite growing market skepticism. About 56% of the profit came from Vision Fund 2, powered by OpenAI's success. Nvidia shares dipped slightly premarket.