SoftBank Group's founder, Masayoshi Son, expressed regret over selling the company's $3.6 billion stake in Nvidia (NVDA) in February 2019. The stake, which was sold for a $3 billion return, would be worth over $165 billion today. This decision has been described as a $150 billion blunder, as Nvidia has since become one of the world's most valuable companies. At SoftBank's annual meeting, Son emphasized his renewed focus on artificial intelligence and his commitment to making SoftBank's 90% stake in ARM a significant competitor to Nvidia.
Softbank’s Masayoshi Son sold the firm’s 5% stake in $NVDA in 2019 for a $3B return. If they held, it would be worth $165B. Now, according to his comments at their annual meeting yesterday, he is deeply focused on making their 90% stake in $ARM a real competitior to Nvidia. https://t.co/PNGtFg2F9m
As $NVDA turns lower today, Softbank's Masayoshi Son expressed regret over selling his shares too soon - a stake that would have been worth $160B today. He also doubled down on the narrative that he's now going on the AI offensive. https://t.co/A94EI63Yem
People make fun of Cathie Wood but what about "AI king" Masa Son: he sold his NVDA stake in 2019 and missed out on $150 BILLION https://t.co/pLenF5HPoe
The founder of SoftBank Group lamented what turned out to be a $150 billion blunder: selling shares in Nvidia years before the chip maker became one of the world’s most valuable companies https://t.co/AyCUHVV1TZ
SoftBank dumped their $3.6B $NVDA stake in Feb 2019. If they had held, this stake would be $150B+ (their current AUM) wow https://t.co/tWVCPPPJic