Gulliver Foyle
Philosopher
They're all rushing around to find "the one weird trick" to rescue their massively overextended and overexposed positions that they've begun to realise are rapidly falling part, even Nvidia. That's why you've got such genius positions as Nvidia lending to companies losing money hand over fist on the proviso they'll buy moreNvidia GPUs with it.![]()
Japan's SoftBank says it has sold its shares in Nvidia for $5.8 billion, turning its focus to OpenAI
Japanese technology giant SoftBank says it has sold its stake in Nvidia, raising $5.8 billion to pour into other investments.apnews.com
Softbank pulls money from NVidia to invest in AI.
TallishTom@mastodon.scot
"Softbank does feel like the guy taking all his money out of the pick and shovel shop because he needs to buy into the dead cert bonanza find that someone in the saloon has told him about."