Signal? SoftBank unexpectedly clears its position in Nvidia, cashing out $5.8 billion.

Amid concerns about the overvaluation of AI concept stocks in the market, Japanese financial giant SoftBank Group made a surprising move: liquidating its holdings of "AI chip leader" NVIDIA shares, cashing out $5.8 billion. SoftBank announced that it had sold all of its NVIDIA shares in October, totaling approximately 32.1 million shares, with a total value of approximately $5.83 billion. This sale was not reflected in SoftBank's second-quarter financial report, and the company did not disclose the reason for the sale. It is currently unclear what considerations led SoftBank to liquidate its NVIDIA holdings. At the end of last month, NVIDIA's market value exceeded $500 billion, becoming the first company in history to cross this threshold. NVIDIA's stock price has risen over 40% since the beginning of this year, and has increased over 10 times since the introduction of ChatGPT in 2022, sparking an AI craze. Some analysts are now starting to worry about the AI bubble risk behind NVIDIA's high valuation.