Nvidia (NVDA) Slips After SoftBank Sells $5.8 Billion Stake to Fund New AI Bets
Nvidia shares traded lower in premarket as SoftBank exited its $5.8 billion position to bankroll Son’s AI strategy, redirecting cash toward OpenAI and major data center…
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BTC$62,686.00-1.67%
ETH$1,666.62-3.16%
USDT$0.9987-0.01%
USDC$0.9996-0.01%
XRP$1.10-1.88%
SOL$69.40-3.23%
TRX$0.329-1.01%
FIGR_HELOC$1.03-0.16%
HYPE$61.30-7.24%
DOGE$0.0789-3.56%
USDS$0.9997+0.00%
RAIN$0.0157-2.06%
LEO$9.49-0.84%
ZEC$413.84-6.89%
XLM$0.1911-3.05%
DigitalBridge shares jumped more than 40% in premarket trading after reports said SoftBank is in advanced talks to acquire the company.
Nvidia shares traded lower in premarket as SoftBank exited its $5.8 billion position to bankroll Son’s AI strategy, redirecting cash toward OpenAI and major data center…
SoftBank saw $14.3 billion in accumulated losses as a result of its investment in the recently collapsed WeWork.
Arm is set to stage its public debut on Thursday but the stock is unlikely to attract many ETF buyers due to strict inclusion rules of…
With a potential market value of $60 billion, Arm's planned listing would make it the biggest IPO in 2023.
SoftBank Group's telecom division will invest $138 million in the development of generative AI infrastructure.
SoftBank's cash on hand accumulated to $35.3 billion during its "defense mode."
SoftBank's Latin America and Vision Funds lost $5.8bn in the quarter that ended Dec. 31 2022.
SoftBank's flagship Vision Fund reported a $7.2B loss in Q2 amid a sharp decline in tech valuations.
SoftBank is planning to cut 30% of its global workforce after the conglomerate sustained a record loss in the previous quarter, according to Bloomberg.
SoftBank posted a record loss in Q2 as rumors of a MBO arise once more.
Following massive backlash from regulators worldwide, Nvidia was forced to drop its planned acquisition of Arm Ltd.