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SoftBank quietly sold its entire stake in Nvidia last month, offloading roughly 32.1 million shares for about $5.8 billion as the Tokyo conglomerate reshuffles its balance sheet. The move was disclosed with its latest earnings and came as a surprise to some investors who had tracked SoftBank’s repeated entries and exits in the chipmaker.
Behind the headline is a simple fact: Masayoshi Son is doubling down on OpenAI and AI infrastructure, not Nvidia. Company executives said the proceeds will help fund a sweeping push into artificial intelligence, including plans that would require tens of billions of dollars in new commitments this year.
SoftBank’s tidy profit numbers make it easier for Son to justify the pivot — the firm reported a surge in quarterly earnings and has been selling stakes elsewhere, including a chunk of T‑Mobile, to raise cash. That opportunistic selling may shore up short‑term cash flows, but it also exposes how quickly even the biggest players can reshuffle portfolios when the wind changes.
Conservative observers should not forget the history lesson here: SoftBank has a track record of selling Nvidia positions at the wrong time. The firm famously exited a sizable Nvidia stake years ago and later reentered, a pattern that cost it potential gains that now look enormous in hindsight — a reminder that timing and accountability matter in investing.
There is a patriotic concern beyond portfolio math: when global capital titans pile into politically sensitive technologies like AI and link up with U.S. projects and big government initiatives, Americans deserve scrutiny. SoftBank’s pivot and the larger “Stargate” style AI build-outs raise questions about who controls critical infrastructure and whose interests are being prioritized in the rush to crown a new tech aristocracy.
Markets reacted the way markets always do — price discovery. Nvidia shares slipped modestly after the disclosure, and SoftBank’s stock has meanwhile been lifted by gains elsewhere and a planned stock split meant to curry favor with retail holders. That volatility should remind policymakers and investors alike that fads don’t guarantee value, and ordinary savers must be protected from speculative cascades.
Hardworking Americans who built this country deserve better than the constant spectacle of billionaire bets and headline-chasing pivots. We should applaud sensible capital allocation and demand transparency when conglomerates move billions around, not cheer when Big Tech’s next shiny thing threatens to centralize even more power. SoftBank’s sale is a warning: no matter how persuasive the sales pitch about “AI,” voters and savers should insist on accountability, clear returns, and protection for the free market that made this country prosperous.
