SoftBank Group Corp. is significantly increasing its stakes in Nvidia and Taiwan Semiconductor Manufacturing Co. Masayoshi Son raised the stake in Nvidia to approximately $3 billion, while also acquiring $330 million in TSMC shares and $170 million in Oracle Corp. The company's Vision Fund has monetized nearly $2 billion in assets this year, focusing on investment returns without external pressures. At the center of SoftBank's AI strategy is Arm Holdings Plc, as the company aims to catch up in the booming AI sector, particularly with Nvidia's growth during this period.
Nvidia is the picks and shovels for the gold rush of AI, referring to a concerted effort by the world's largest technology companies to spend hundreds of billions of dollars to get ahead. SoftBank's purchase of the U.S. company's stock may buy more influence and access to Nvidia's most sought-after chips.
SoftBank raised its stake in Nvidia to about $3 billion by the end of March, up from $1 billion in the prior quarter, and bought around $330 million worth of TSMC shares.
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