SoftBank's Regret Nvidia's Stock Sale and Its Consequences

TapTechNews June 23 - At the recent general meeting of shareholders of SoftBank Group, company founder Masayoshi Son said: I really regret selling the Nvidia stock. Just two days before he said this, Nvidia once surpassed Microsoft to become the world's most valuable company.

According to public information, SoftBank's Vision Fund sold its 4.9% stake in Nvidia in 2019 and obtained an investment return of 3.3 billion US dollars (TapTechNews note: currently about 24.023 billion yuan). According to the market capitalization (3.11 trillion US dollars) at the close of trading this Friday, if SoftBank had continued to hold these shares, the value would now be about 150 billion US dollars (currently about 1.09 trillion yuan).

As TapTechNews reported earlier, Nvidia surpassed Microsoft on Tuesday, June 18, to become the world's most valuable company. However, Nvidia fell by 5%一度 after the opening of the US stock market this Friday. By the close, Nvidia fell 3.22% to $126.57 per share, with a market capitalization of 3.11 trillion US dollars (currently about 22.64 trillion yuan).

Compared with the market capitalization peak of 3.34 trillion US dollars (currently about 24.31 trillion yuan) on June 18 local time, after the two-day decline on June 20 and June 21, Nvidia's market capitalization has evaporated by about 220 billion US dollars (currently about 1.6 trillion yuan).

Nvidia was only the No. 1 in US stock market capitalization for one day on June 18 local time (the US stock market was closed on June 19), and at the close of trading on Friday, the No. 1 in US stock market capitalization was Microsoft, with a total market capitalization of 3.34 trillion US dollars (currently about 24.31 trillion yuan).