Softbank dumps Nvidia

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Softbank dumps Nvidia
Photo: Eugene Hoshiko/AP/TT

Japanese investment company Softbank has sold its entire shareholding in computer chip giant Nvidia.

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.

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

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