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The surprising thing to me here is that $5.83B was their entire stake, after NVDA had gone up more that 1000% in the the last 5 years.
by consumer451 1y ago
The surprising thing to me here is that $5.83B was their entire stake, after NVDA had gone up more that 1000% in the the last 5 years.
- yugioh3 1y agoyeah it made me wonder what all this fuss is about. perhaps im numb to big numbers now. but $6b is a miniscule fraction of NVDA.
- consumer451 1y agoMy main thought was "how bad is Softbank at their job to have only been in on NVDA for such a paltry sum?" Really living up their reputation? Or, am I way off-base here? I am just an outside observer and I would love to be educated. Did it makes sense for Softbank to be in so little on the company "selling shovels" to all their "gold mining" investments?
- roncesvalles 1y agoOr, how down bad is Softbank that it needs to sell its NVDA stake to raise $6B?
- consumer451 1y agoSomeone needs to put this guy/team in an asylum, for the betterment of the country of Japan. Microsoft (which has >50B into OpenAI)->Anthropic for biz use cases Softbank->OpenAI. Yet again, the dumbest money ever? There are many, far worse Softbank fails. How does this keep happening? Who is advising this team? I am available. 80% sure that I could do better. I just genuinely hate to see capital being destroyed like this.