Softbank dumps Nvidia | Sweden Herald

Softbank's sale brings in $5.8 billion, equivalent to 55 billion SEK – money that the company will invest in its own investment in AI.

Softbank is also a major shareholder in Open AI and Oracle, among others.

In this story

Softbanks

Author

TT News AgencyEnglish edition by Sweden Herald, adapted for our readers

Was this useful?

What do you think?

Most read right now

1Nvidia CEO Jensen Huang’s Alleged Mistress Alice Huang, Accused of Spying for China, Is Missing 2Sweden has gone 57 days without a new government: Key twists in the formation process 3Russia Says Europe Will Not Join Ukraine Talks in Abu Dhabi This Week 4Centre Party Faces Decision on Sweden’s Next Government as Talks Enter Intensive Phase 5SAS Data Leak May Have Exposed Booking Details of 350,164 Travelers

More on Business

Anthropic targets $1 trillion valuation in planned IPO, or nearly SEK 10,000 billion

Anthropic Targets $1 Trillion Valuation in IPO After Expectations Cool

2 h ago

Nvidia CEO Jensen Huang’s Alleged Mistress Alice Huang, Accused of Spying for China, Is Missing

Nvidia Shareholders Sue CEO Jensen Huang Over Alleged Failure to Disclose Relationship

2 h ago

Swedish Tax Agency Finds Tax Reporting Shortcomings at App-Based Taxi Companies

3 h ago

TSMC October Sales Jump 59.7% Year Over Year to NT$586.9 Billion

4 h ago

Brent crude falls below $90 a barrel to a two-month low amid hopes for peace in the Middle East

4 h ago

Riksbank officials signal another interest rate hike could come as early as December

5 h ago

US consumer prices rise 0.4% in October, above expectations

Business

US Consumer Prices Rise More Than Expected, Fueling Rate Hike Concerns

Consumer prices in the United States rose more than expected in October, according to fresh figures from the US Labor Department. Interest rates are rising, and stock prices are turning negative in futures trading on Wall Street after the figures, which increase the likelihood of interest rate hikes by the US central bank, the Federal Reserve (Fed).

28 min ago

What do you think?

Most read right now

More on Business

Anthropic Targets $1 Trillion Valuation in IPO After Expectations Cool

Nvidia Shareholders Sue CEO Jensen Huang Over Alleged Failure to Disclose Relationship

Swedish Tax Agency Finds Tax Reporting Shortcomings at App-Based Taxi Companies

TSMC October Sales Jump 59.7% Year Over Year to NT$586.9 Billion

Brent crude falls below $90 a barrel to a two-month low amid hopes for peace in the Middle East

Riksbank officials signal another interest rate hike could come as early as December

US Consumer Prices Rise More Than Expected, Fueling Rate Hike Concerns

Keep readingmore from Business

Most read right now

US Consumer Prices Rise More Than Expected, Fueling Rate Hike Concerns

More on Business

Anthropic Targets $1 Trillion Valuation in IPO After Expectations Cool

Nvidia Shareholders Sue CEO Jensen Huang Over Alleged Failure to Disclose Relationship

Swedish Tax Agency Finds Tax Reporting Shortcomings at App-Based Taxi Companies

TSMC October Sales Jump 59.7% Year Over Year to NT$586.9 Billion

Brent crude falls below $90 a barrel to a two-month low amid hopes for peace in the Middle East

Riksbank officials signal another interest rate hike could come as early as December