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SoftBank Sells Its Stake in Nvidia to Raise Funds for OpenAI

SoftBank, one of the world's leading technology conglomerates, has sold its entire stake in Nvidia. This move is not a reflection of distrust in the chip manufacturer, but rather part of a strategic effort to raise $30 billion by December. The funds will be directed towards OpenAI, a key investment interest for SoftBank. Following the announcement, Nvidia's shares dipped slightly over 2%, while SoftBank's shares fell by approximately 3.5%. The news comes from CNBC, shedding light on SoftBank’s financial maneuvers as they strengthen ties with OpenAI.

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