SoftBank missed out on $160 billion in gains from Nvidia, but investment in AI remains positive.

From NASDAQ.: 2024-07-13 05:06:00

Artificial intelligence (AI) is poised to revolutionize the economy, with PwC estimating a $15.7 trillion boost by 2030. SoftBank’s initial investment in Nvidia yielded a profit of over $3 billion, despite missing out on potential gains of $160 billion as Nvidia’s stock tripled in value. Nvidia’s dominance in AI GPUs has caused its market value to skyrocket, making it a top investment choice. While SoftBank’s initial sale of Nvidia stock may have been a missed opportunity, their investment in Arm Holdings has seen significant growth, with a nearly $112 billion appreciation in just 10 months. This demonstrates the potential for high returns in the AI technology sector, despite missed opportunities in individual stocks.



Read more at NASDAQ.: SoftBank Missed Out On $160 Billion in Gains With Artificial Intelligence (AI) Leader Nvidia — but Its Regret Will Likely Be Short-Lived