Softbank sell all their NVDA.... but wait (Patreon)

SoftBank sold its entire $5.83 B NVIDIA stake (32.1 M shares) in October 2025 — a small 0.1% of NVDA’s $5T market cap. The sale, confirmed in its Q2 FY 2025 earnings, is a routine portfolio rotation to raise cash for Masayoshi Son’s $1 T AI and chip ambitions eg OpenAI (SoftBank plans to double its OpenAI stake to 11%). Alongside a $9.17 B T-Mobile divestment, the move frees up funds for $30 B+ in new AI investments.

SoftBank’s Vision Fund history includes major losses (WeWork, Greensill, Wirecard) yet had a win on ARM.

Elon Musk mocked their “Stargate” funding claims saying they do not have the money either to open AI etc... and he was right. SoftBank have liquidity concerns persist given ¥20 T net debt. NVDA dipped ~2% on the news, though i see this as a nothingburger ie not a red flag.

I think it simply underscores SoftBank's need for cash to chase the next big thing.