SoftBank set to divest stake in chipmaker Nvidia next year

SoftBank set to divest stake in chipmaker Nvidia next year

Masayoshi Son, chairman and chief executive officer of SoftBank Group Corp., speaks during a news conference in Tokyo, Japan, on Monday, Aug. 6, 2018. Photographer: Kiyoshi Ota/Bloomberg

SoftBank Group Corp. is planning to offload its stake in Nvidia Corp. early next year as shares in the graphics chipmaker continue to slide, according to people familiar with the matter.

The Japanese investor could make about $3 billion in profit from the trade, said the people, who asked to not be identified because the matter isn’t public. No final decision has been made and SoftBank may opt to keep its stake or sell only part of it, the people said.

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