SoftBank sold all of its 32.1 million shares in Nvidia last month for $5.83 billion, according to an earnings statement from the company.

The Japanese investment firm also revealed that it has sold part of its stake in T-Mobile for $9.17 billion.

The disclosure was made the same day that SoftBank published its Q2 FY2025 results, with net profits for the quarter more than doubling to 2.5 trillion yen ($16.6bn). This figure was primarily driven by investments from the company’s Vision Funds arm in OpenAI and PayPay, the former of which SoftBank realised a 2.16 trillion yen ($14bn) investment gain during the quarter.

“The reason we were able to have this result is because of September last year, which was the first time we invested in OpenAI,” said SoftBank’s CFO Yoshimitsu Goto during the company’s earnings call. He went on to note that by the end of December 2025, SoftBank’s total investment in OpenAI is expected to reach $34.7bn.

When asked why the company decided to sell its Nvidia shares, Goto said he should not comment and failed to provide much detail, beyond noting that as an investment company, it is right that SoftBank regularly looks to invest and divest its assets.

However, he did suggest that the sale was to allow the company to invest even more heavily in OpenAI, stating: “This year, the OpenAI investment is large. Even more than $30 billion investment [that] needs to be made. For that, we do need to divest our existing portfolio so that it can be utilized for our financing. We do not have any specific meeting in October, or it has nothing to do with Nvidia itself.”

This is not the first time SoftBank has divested its Nvidia holdings. Back in 2019, SoftBank’s Vision Fund sold its entire 4.9 percent stake in Nvidia for $3.3bn, making a $2.6bn profit. If the company had maintained its stake, it would be worth hundreds of billions. At the time, SoftBank founder Masayoshi Son called Nvidia "the fish that got away."