https://finance.yahoo.com/news/softbank-son-cried-nvidia-stake-095721630.html
SoftBank Group Corp. founder Masayoshi Son said he wouldn’t have sold off Nvidia Corp. shares if his company had unlimited money to bankroll its next investments in artificial intelligence, which include a big bet on OpenAI.
“I don’t want to sell a single share. I just had more need for money to invest in OpenAI” and other projects, Son said during the FII Priority Asia forum. “I was crying to sell Nvidia shares.”
People who talk about a bubble around AI investment are “not smart enough,” the 68-year-old SoftBank chief executive officer said. If AI is able to earn 10% of global gross domestic product over the long term, that would more than make up for even trillions of dollars’ worth of cumulative spending, he said. “Where is the bubble?”
Strong words from Softbank CEO on NVDA and what he believes about the AI bubble. There has been a lot of talk about this topic on r/stocks this year.
SoftBank’s CEO, People who talk about a bubble around AI investment are “not smart enough,”
byu/stoked_7 instocks
Posted by stoked_7
26 Comments
Thanks for sharing!
Thinks the guy who believed in “community earnings” and dumped billions into WeWork and then had to pay a billion dollar bribe to get the CEO of wework to go away and stop destroying his own business, right?
This man is widely reputed to be an idiot now, right?
In long term we are all dead. John Keynes.
So when CEOs and bankers crash the economy AGAIN do we say it’s because they “aren’t smart enough”?
It’s great to hear there isn’t a bubble.
But, the fact that it isn’t a bubble implies that the returns on A.I investment is at the expense of labour.
I love that his whole entire argument is just “because”. See AI isn’t a bubble “BECAUSE”. GET LIKE ME NOOBS!
My confirmation bias as a bull who is heavily invested in Nvidia like this .
The guy who gave Adam Neumann (the WeWork grifter) money thinks others are “not smart enough”.
Wework says hi
Cool.
Except it’s “bubble” enough for the CEO to sell to fund more attractive opportunities right now.
This is from the guy that brought WeWork
Things you say in a bubble
Is it just me, or has anyone else noticed the increase on chatter from these types telling us everything is fine??
Cool story bro
this the guy who never had a homerun after Alibaba and turned out to be a one trick pony for many many years and instead bankrolled WeWork
They’ll continue to gas light us until they fail and get bailouts to cover the losses.
In the meantime we are currently subsidizing them on the local level.
Many places are allowing these data centers and the cost of electricity is being forced on the people who live near it.
We should definitly listen to a guy, who thought a office lease company should be valued like a software company.
Says the canary in the private equity coal mine.
With paper wealth now outrunning GDP by almost 200T I can GUARANTEE you this guy is shitting his pants and buying gold—you know, just to be safe, honey.
This is like Kramer, expect the opposite. Time to take AI profits.
And people said that he sold bc nvda is over
lol
You know what they say when arguments devolve into personal attacks …
To the moon¡
Let me correct. It’s not “not smart enough” it’s not enough information. If correctly educated people will understand why billions are pouring into ai and it’s stupidly scary. They want to control the world. It’s a arms race at this point in time.
Where’s the video of him pouring water on himself
The guy’s been early on enough big bets to earn a little chest thumping. If AI really captures even a sliver of global GDP like he says, today’s bubble talk will age like MySpace, even polymarket’s long term ai adoption markets have been creeping upward all year, which sorta tells you where the collective sentiment is leaning. People scream bubble every time they don’t understand the scale of what’s coming
Doomers and assorted cash people are jn general not smart enough, since they prefer to sound contrarian rather than making money.