SoftBank’s finance bod pointed out the sale was profit-taking rather than a lovers’ quarrel with the chipmaker.
The amusing twist is that Nvidia might end up trousering gains from the cash SoftBank has just extracted, since the outfit loves pumping money into anything whispers AI, which keeps demand for Nvidia’s silicon roaring.
With Nvidia trading around 20 times its estimated annual revenue, the fantasy maths artists reckon that $5.8 billion of fresh AI spending could pad more than $120 billion of enterprise value, which is enough to make accountants reach for a cold towel.
Even if only a slice of that loot lands directly in Nvidia’s lap, Jensen Huang still walks away grinning because every new AI start-up hurling cash about keeps the hype engine spinning faster, which props up those wild valuation multiples.
All this depends on SoftBank splurging its winnings on new ventures rather than shuffling funds between its existing toys, which would spook the cocaine-nose-jobs of Wall Street, who panic at the faintest sign the carousel might slow.
For the moment, Nvidia can enjoy the fact that the money-go-round keeps clattering along and no one is jumping off yet.


