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Why SoftBank's Masayoshi Son ‘was crying’ about selling Nvidia shares, but did it anyway

Masayoshi Son, CEO of SoftBank Group, expressed deep regret over selling the company's entire stake in Nvidia for $5.83 billion, citing financial necessity to fund investments in OpenAI and other AI projects. During a forum, he revealed that the decision was emotionally challenging for him, highlighting his respect for Nvidia and his desire to retain the shares if possible.

Why SoftBank's Masayoshi Son ‘was crying’ about selling Nvidia shares, but did it anyway

Credit: Livemint

Key Highlights

  • Masayoshi Son sold SoftBank's entire stake in Nvidia for $5.83 billion.
  • The sale was motivated by the need for funds to invest in OpenAI and other AI ventures.
  • Son described the decision as emotional, stating he wished he could keep the Nvidia shares.
  • The move raised concerns about overvaluation in the tech sector amid the AI boom.
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Sources

  1. SoftBank's Son says he cried selling Nvidia to fund AI bets
  2. Why SoftBank's Masayoshi Son ‘was crying’ about selling Nvidia shares, but did it anyway

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

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