Friday , December 4 2020

SoftBank sells the entire Nvidia Stake

TOKYO-SoftBank Group Corp. said its nearly $ 100 billion Vision Fund sold its entire 4.9% stake in Nvidia Corp. in January and locks in returns of $ 3.3 billion.

Graphic chip designer stocks have been hit in recent months for fear of a trade war with China and the company's warning of lower-than-expected revenue from major customers. The Nvidia shares have lost almost half of their value since the last peak in October 2018. The shares closed on Tuesday at $ 149.95 on the Nasdaq stock exchange.

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