Nvidia Shares Fall as SoftBank Reportedly Plans to Sell Its Stake

Author: Jacob Sonenshine / Source: TheStreet

Shares of Nvidia (NVDA – Get Report) fell 2.42% to $148.19 on Tuesday as Bloomberg reported that SoftBank Group Corp. (SFTBY) is planning to sell its stake in the giant chipmaker given its recent decline.

SoftBank owned roughly 4.4% of Nvidia through its Sb Investment Advisers as of the end of September, according to FactSet, currently worth about $4 billion.

SoftBank has not disclosed how much of Nvidia it wants to sell, or even if it will sell its entire stake, according to Bloomberg.

After several years of…

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