Nvidia or OpenAI? The two companies are at the heart of the artificial-intelligence boom but Japan’s SoftBank Group has decided to sell its stake in the chip maker in order to fuel an even bigger bet on the ChatGPT developer. SoftBank sold a $5.83 billion stake in Nvidia in October, it disclosed alongside its earnings on Tuesday.

Japan's SoftBank Group reported on Tuesday its second-quarter net profit more than doubled to 2.5 trillion yen ($16.6 billion), driven by valuation gains in its holdings of OpenAI. Three analysts surveyed by LSEG had estimated on average a net profit of 207 billion yen for the July-September quarter.

Nvidia is out. OpenAI is in. Does that make sense?

SoftBank Group Corp. has sold its entire remaining stake in Nvidia Corp. in order to raise funds for its promised $22.5 billion investment in ChatGPT maker OpenAI Group PBC.

SoftBank Group Corp.'s early OpenAI investment drives Q2 earnings and offers rare AI exposure. Click for more on SFTBY stock prospects.

Softbank on Tuesday disclosed it had sold its entire $5.8 billion stake in Nvidia to fund its investments in ChatGPT-maker OpenAI.

SoftBank Group has sold $5.8 billion sale of Nvidia stake reigniting fears around the AI bubble. Recently, Wall Street bank chiefs and notable short seller Michael Burry have raised warnings around risks from a bubble.

SoftBank Group Corp. on Tuesday posted a net profit of 2.92 trillion yen ($18.97 billion) for the first fiscal half, a record for any

This is an audio transcript of the FT News Briefing podcast episode: ‘SoftBank divesting from Nvidia could be good, actually’ Sonja Hutson Good morning from the Financial Times. Today is Wednesday, November 12th,