That’s after SoftBank on Tuesday disclosed it had sold its entire stake in Nvidia Corp. for $5.83 billion to help bankroll AI investments. (Photo: Kentaro Takahashi/Bloomberg) Show Quick Read Summary is AI Generated. Newsroom Reviewed

SoftBank Group Corp.’s stock slid as much as 10% after the tech investor’s exit from AI sector leader Nvidia Corp. spooked investors already nervous about climbing tech sector valuations.

The Japanese company’s shares touched a one-month low during early morning trading in Tokyo. That’s after SoftBank on Tuesday disclosed it had sold its entire stake in Nvidia Corp. for $5.83 billion to help bankroll AI investments. The fall came despite better-than-projected quarterly results from SoftBank, which also disclosed a 4-for-1 stock split.

SoftBank’s Nvidi

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