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$5.83B is too large to be a round trip. This is clearly an exit.
by reconnecting 1y ago
$5.83B is too large to be a round trip. This is clearly an exit.
- csomar 1y agoNvidia current market cap is 4.84 trillion dollars. Yes, that's roughly 5 trillions of dollars. 5.83B is a rounding error.
- reconnecting 1y agoIn numbers, yes, a rounding error. In fact, SoftBank was one of Nvidia's backers, and whatever this sell means in the stock markets, this is a strong signal.
- nromiun 1y agoMarket capitalization is not equal to real money. Take a look at how Elon Musk bought Twitter.
- oezi 1y agoDaily trading volume is roughly 200m units at roughly 200 USD per stock which equals 40bn in daily trades. So 5bn isn't nothing but over the course of a month it isn't particularly much.
- nromiun 1y ago5 billion is massive. So much of that 40bn daily volume is just leverage. Sort of like the derivatives market, trillions of dollars in volume but nobody has that much money, it is just margin. So even if some trading firm losses 1-2 billion everyone panics and goes out of the market. It actually happened during the flash crash. Also, I highly doubt they sold those 5bn of shares in any exchange. Most likely they did it over several weeks on a dark pool. Because again 5bn is massive and it would cause a crash in any open exchange.
- sixeyes 1y agoWhy would they exit nvidia while still keeping upwards of $10B or whatever it is in OpenAI? Genuine question.
- rchaud 1y agoNvidia is investing $100bn in OpenAI: https://nvidianews.nvidia.com/news/openai-and-nvidia-announce-strategic-partnership-to-deploy-10gw-of-nvidia-systems https://nvidianews.nvidia.com/news/openai-and-nvidia-announc... By purchasing OAI shares now, Softbank will probably be able to sell them to Nvidia at inflated prices later.
- marcosdumay 1y agoIt's about 0.1% of the company. Not nothing, for sure, but low enough that you can buy it back in a couple of months.