SoftBank's Misstep with NVIDIA Cost Son $150 Billion

Reported 8 months ago

On June 21, 2024, SoftBank founder Masayoshi Son admitted at the annual shareholder meeting that the Vision Fund under SoftBank prematurely sold its stake in NVIDIA. With NVIDIA's soaring stock price, Son estimates that SoftBank missed out on over $150 billion in profit. Son also revealed missed investment opportunities, including failing to invest in NVIDIA when the company's value skyrocketed. Despite this misstep, Son has had successful investments, such as Alibaba and ARM.

Source: YAHOO

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