TECH - If You Invested $1000 In Nvidia When Masayoshi Son's Softbank Sold Its $3.3 Billion Stake In 2019 Here's How Much You'd Have | Benzinga
The AI revolution has catapulted graphics card maker Nvidia Corp. (NASDAQ:NVDA) to the top five in the list of the world's largest companies by market capitalization.
Nvidia's rise to the top has helped it blow past Big Tech companies like Alphabet Inc.'s Google, Amazon.com Inc., Tesla Inc. and Meta Platforms Inc., among others.
Rising Tide Lifts Everyone Except Masayoshi Son's Softbank
Whilst Nvidia co-founder Jensen Huang, investors, and employees have all reaped the rewards of the company's rise, Masayoshi Son and his Japanese multinational investment company SoftBank Group Corp. (OTCPK: SFTBF) haven't been as fortunate.
Despite owning a notable stake in Nvidia at one point, Son-led Softbank has failed to benefit from the graphics card maker's rapid rise. That is because Softbank sold its entire stake in Nvidia for $3.3 billion in January 2019.
While Nvidia stock witnessed slow but steady movement for the first two years since Softbank's stake sale, it started gaining momentum during the COVID-19 pandemic in ...