SoftBank sells all stake Nvidia



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TOKYO – SoftBank Group Corp. said its Vision Fund of nearly $ 100 billion sold its total 4.9% stake in Nvidia Corp. in January, recording returns of US $ 3.3 billion.

Shares of the graphics chip designer have been hit in recent months by fears of a trade war with China and the company's lower-than-expected revenue warning from large customers. Nvidia shares have lost nearly half of their value since their recent peak in October 2018. Shares closed on Tuesday at $ 149.95 on the Nasdaq stock exchange.

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