TECH - Regret Missing Out On Nvidia Rally? You're Not Alone As SoftBank's Masayoshi Son Laments $157B Lost Opportunity: 'The Fish That Got Away' | Benzinga
In a recent shareholder meeting, Masayoshi Son, the founder of SoftBank Group (OTC:SFTBF) (OTC:SFTBY), expressed regret over the decision to sell the company’s stake in NVIDIA Corp (NASDAQ:NVDA). This move resulted in SoftBank missing out on a potential $157 billion windfall, based on the current share price of the semiconductor designer.
What Happened: Son admitted to the regrettable sale of Nvidia shares in 2019 at the annual shareholder meeting in Tokyo on Friday, reported The Wall Street Journal. The decision was made to secure returns for SoftBank’s Vision Fund investment vehicle.
“The fish that got away was big,” Son lamented.
At the time of the sale, SoftBank’s Vision Fund held a 4.9% stake in Nvidia. The sale yielded a $3.3 billion return on the initial ...