SoftBank Stock Falls After Nvidia Stake Exit

• SoftBank sold its full NVIDIA stake for US$5.83 billion to help fund a US$22.5 billion investment in OpenAI.

• Shares fell 10% as investors grew wary of SoftBank’s rising AI spending and stretched tech valuations.

By Emirsyah Kevin Mecca, Attala Sabian Andhika, Maria Ella Risandra Puruhita, Nashwah Putri Az-Zahra

November 14, 2025 at 16:30 GMT+7

SoftBank divested its entire ownership stake in NVIDIA with 32.1 million shares valued at US$5.83 billion, according to its latest earnings report, in one of its largest asset disposals this year. The company also sold part of its stake in T-Mobile US for US$9.17 billion as it moved to reinforce liquidity ahead of major capital commitments. 

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These transactions are aimed at strengthening the company’s “asset monetization” strategy, signaling a willingness to exit out high-valuation semiconductor holdings to finance new investments, according to CFO Yoshimitsu Goto

The decision immediately drew attention due to the size of the sale and the timing, as NVIDIA remains a core beneficiary of the global AI boom.

SoftBank CEO Masayoshi Son and OpenAI CEO Sam Altman attend an event to pitch AI for businesses | Source: Nikkei

Proceeds from the NVIDIA sale represent a central source of liquidity for SoftBank’s planned US$22.5 billion additional investment in OpenAI, along with supplemented funds from a partial divestment of its T-Mobile stake, margin loan secured against ARM, and loan issuances.

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Since the start of April, SoftBank has issued bonds in three currencies worth ¥620 billion, US$2.2 billion, and €1.7 billion. These transactions support SoftBank’s decision to reallocate capital toward artificial intelligence as it increases its ownership in OpenAI from 4% to 11%, with the possibility of further participation in upcoming funding rounds.

The investment highlights SoftBank's increasing focus on artificial intelligence and its plan to strengthen its position in the global AI industry, expanding its exposure beyond semiconductors to software, robotics, and data infrastructure.

SoftBank Group Corp. sold its entire stake in Nvidia for US$5.83 billion | Reuters (Issei Kato)

SoftBank’s liquidity has strengthened since its hybrid issuance in October, and the company is still expected to remain active in securing funding to cover its more than US$41 billion in recent investments.

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In this October to December quarter alone, it requires at least US$30.5 billion, including US$22.5 billion for OpenAI and US$6.5 billion for Ampere, an amount that exceeds its total investments over the previous two years. 

Although SoftBank’s liquidity has strengthened, there is a 10% decline in SoftBank’s shares. Despite the decline happening as a result of rising concern among investors that spiking tech valuations are overvalued, SoftBank CEO Masayoshi Son remains positive on the outlook for artificial intelligence. 

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Sources:

CNBC

Reuters