SoftBank Sells Nvidia Stake for $5.8 Billion to Fund AI Bets

SoftBank Group Corp. sold its entire stake in Nvidia Corp. for $5.83 billion to help bankroll AI investments, even as investors question the amount of capital pouring into a technology with uncertain returns.

Founder Masayoshi Son has been unwinding positions to pay for a plethora of AI projects, from Stargate data centers with OpenAI and Oracle Corp. to robot manufacturing sites in the US. The Nvidia exit coincides with a growing debate about whether spending by big tech firms like Meta Platforms Inc. and Alphabet Inc. — expected to surpass $1 trillion in coming years — will produce commensurate returns.