SoftBank Bets on OpenAI After Selling Nvidia Stake Amid Market Highs

Global markets soared to new records as investors bet on artificial intelligence and technology growth, with SoftBank making a bold move to deepen its involvement in the AI sector. The Dow Jones Industrial Average and the UK’s FTSE 100 both closed at fresh highs, fueled by optimism surrounding tech innovation and strong corporate earnings.

SoftBank made headlines after selling its entire stake in Nvidia to free up capital for a new investment in OpenAI, signaling renewed confidence in the next wave of artificial intelligence development. The decision marks a strategic pivot for the Japanese conglomerate, which has long positioned itself at the forefront of emerging technologies. Despite warnings from “Big Short” investor Michael Burry about overheating tech valuations, SoftBank appears undeterred, doubling down on what it sees as the next major growth engine.

Meanwhile, semiconductor giant AMD reported a 35% annual growth rate, driven by what it described as “insatiable” demand for AI chips. The company’s strong performance reflects the broader surge in demand for computing power as businesses and consumers embrace generative AI applications. Analysts believe AMD’s momentum will continue, positioning it as a key player in the rapidly expanding AI hardware race.

In other economic developments, former U.S. President Donald Trump hinted at potential tariff reductions on India and Switzerland. The move, if implemented, could reshape trade dynamics and boost global supply chains strained by recent geopolitical tensions. Markets responded cautiously, viewing the comments as part of a broader effort to stabilize international trade relationships.

On the consumer side, Bernstein analysts suggested it might be time for investors to stop collecting Pop Mart stock, citing slowing growth and market saturation in the collectible toy sector.

Overall, the day’s market activity underscored a powerful mix of investor enthusiasm and caution. As AI continues to drive major financial and technological decisions, global markets remain sensitive to both opportunity and risk, setting the stage for another eventful trading week ahead.