Wednesday, February 6th 2019

Softbank Dumps its Entire NVIDIA Stock Worth $3.6 Billion

Japan's Softbank is known for far-sighted strategic investments in the technology industry. It shook Silicon Valley this morning by announcing a sale of its entire NVIDIA shareholding, valued on December 31 at JPY 39.8 billion, or USD $3.6 billion. It's the worst possible time to be NVIDIA's CFO, with the company having shed over 50 percent in value in the wake of the crypto-currency fall, mediocre demand for RTX 20-series graphics cards, and "deteriorating economic conditions in China" for the company. NVIDIA recently trimmed its outlook for revenues from gaming hardware sales by $500 million, eroding more share value. Softbank's tech portfolio now includes ARM Holdings, Uber, WeWork, Slack, among dozens of other tech startups.
Source: Tom's Hardware
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82 Comments on Softbank Dumps its Entire NVIDIA Stock Worth $3.6 Billion

#76
R-T-B
notbNot really.
Effectively they sold for ~$225 and bought for around $140 (end of May 2017, right?).
+60% in 1.5 years. Not bad.
Darn you and your facts!

So they did. It seems my mental memory is lacking... :laugh:
Posted on Reply
#77
OneMoar
There is Always Moar
rtx price drops in 3 2 1 ...
Posted on Reply
#78
64K
OneMoarrtx price drops in 3 2 1 ...
Unlikely, but they are radically overpriced imo
Posted on Reply
#79
OneMoar
There is Always Moar
youd be surprised there not selling
Posted on Reply
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