Softbank gets rid of its nvidia shares
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Softbank, a Japanese investment bank with a reputation for strategically long-term investing, has ditched all of its shares in Nvidia (Nasdaq: NVDA), a sale valued at $ 3.6 billion.
Softbank: Latest bad news for Nvidia
This is a bad time to be the chief financial officer of Nvidia, since, after the loss of more than half the value of the shares after the crypto-bubble explosion, the disappointing demand for RTX 20 series graphics cards adds up.. And last but not least, Nvidia faces "deteriorating economic conditions" in China.
And the last drop; Nvidia recently cut its 2019 gaming hardware revenue outlook by $ 500 million, leading to an even further drop in share prices. Although today shares have risen slightly after this Softbank move, they are still half the value of the middle of last year.
With this move, Softbank's tech stocks portfolio includes ARM Holdings, Uber, WeWork, Slack, and dozens of Start-Ups.
And you, do you think that Nvidia came back? Or will the situation continue for a longer time? If you know for sure, call to buy shares.
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