(Bloomberg) -- SoftBank Group Corp.’s stock slid as much as 10% after the tech investor’s exit from AI chipmaker Nvidia Corp. spooked investors already nervous about climbing tech-sector valuations.
SoftBank liquidated its remaining 32.1 million Nvidia shares in October for $5.83B to fund new investments. SoftBank is deploying proceeds toward a $22.5B commitment to OpenAI and other AI ventures.
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