SoftBank said Tuesday it has sold its entire stake in U.S. chipmaker Nvidia for $5.83 billion as the Japanese giant looks to capitalize on its "all in" bet on ChatGPT maker OpenAI.

The firm said in its earnings statement that it sold 32.1 million Nvidia shares in October. It also disclosed that it sold part of its T-Mobile stake for $9.17 billion.

"We want to provide a lot of investment opportunities for investors, while we can still maintain financial strength," said SoftBank's Chief Financial Officer Yoshimitsu Goto during an investor presentation.

"So through those options and tools we make sure that we are ready for funding in a very safe manner," he said in comments translated by the company, adding that the stake sales were part of the firm's strategy for "asset monet

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