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Analyst: SoftBank's Clearing of NVIDIA Not Due to Negative View

Summary: According to sources, SoftBank announced on Tuesday that it is clearing its position in NVIDIA to further invest in OpenAI. Rolf Bulk, an analyst at New Street Research, stated, 'I don't think SoftBank has a negative view on NVIDIA. Their position in NVIDIA is large, liquid, and easily convertible. SoftBank may believe that reallocating funds ...

According to sources, SoftBank announced on Tuesday that it is clearing its position in NVIDIA to further invest in OpenAI. Rolf Bulk, an analyst at New Street Research, stated, 'I don't think SoftBank has a negative view on NVIDIA. Their position in NVIDIA is large, liquid, and easily convertible. SoftBank may believe that reallocating funds to OpenAI will bring greater benefits.'

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Link: Analyst: SoftBank's Clearing of NVIDIA Not Due to Negative View [Copy]

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