• SoftBank Group sold its remaining NVIDIA shares for approximately $5.83 billion
  • The block trade sent NVIDIA shares down 1.9% in Wednesday trading
  • The divestment concludes SoftBank's multi-year investment as it reallocates capital toward AI and other ventures

SoftBank Group has offloaded its entire remaining stake in NVIDIA Corporation through a block trade valued at $5.83 billion, according to people familiar with the matter. The sale, executed Wednesday, immediately pressured NVIDIA's stock price, which closed down 1.9% amid elevated trading volume.

The transaction marks the final chapter in SoftBank's investment in the chipmaker, which began with a significant position acquired in 2017. The Japanese conglomerate had previously reduced its holdings in 2019 but maintained a substantial position through NVIDIA's explosive growth driven by artificial intelligence demand.

Market participants noted the timing comes as NVIDIA shares have surged approximately 200% over the past year, reaching unprecedented valuations. "This appears to be a classic case of profit-taking at peak valuation rather than any fundamental concern about NVIDIA's business," said one trader who requested anonymity because they weren't authorized to speak publicly. "The market absorbed $5.8 billion remarkably well—the dip was relatively contained."

Efforts to reach SoftBank representatives for comment were unsuccessful Wednesday evening. NVIDIA declined to comment on specific shareholder transactions.

The sale aligns with SoftBank's broader strategy to rebalance its portfolio amid shifting technology investment priorities. People familiar with SoftBank's thinking said the firm is reallocating capital toward direct AI investments and its Vision Fund portfolio, including potential additional investments in chip design company Arm Holdings, which SoftBank took public last year.

Despite the near-term pressure, analysts remain broadly positive on NVIDIA's outlook. "The fundamental story remains intact—demand for AI accelerators continues to outstrip supply, and NVIDIA maintains its dominant market position," noted a research brief from Bernstein circulated after the sale. "Large block trades often create temporary dislocations, but we see this as a liquidity event rather than a signal about NVIDIA's prospects."

Trading desks reported healthy demand for the block despite its size, with the shares being placed primarily with long-only institutional investors rather than hedge funds. The offering was reportedly oversubscribed, suggesting continued strong institutional appetite for NVIDIA exposure.

*Correction: An earlier version of this article misstated the percentage decline in NVIDIA shares. The stock fell 1.9%, not 2.1%.