In 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.
Daily 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.
It'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.
Why would they exit nvidia while still keeping upwards of $10B or whatever it is in OpenAI? Genuine question.
Nvidia is investing $100bn in OpenAI: 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.
Nvidia current market cap is 4.84 trillion dollars. Yes, that's roughly 5 trillions of dollars. 5.83B is a rounding error.
In 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.
Market capitalization is not equal to real money. Take a look at how Elon Musk bought Twitter.
Daily 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.
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