SoftBank Group announced on Wednesday the sale of its entire stake in NVIDIA, a leading U.S. semiconductor company. The stock price experienced a significant drop of approximately 10% throughout the trading day. This transaction represents a reduction in SoftBank’s holdings in the technology sector. Market reactions are attributed to the strategic decision to diversify its investment portfolio and potentially reduce exposure to a specific technology area. The impact on SoftBank’s overall financial position remains to be evaluated.
Credits: US Top News and Analysis
