Key Notes
- Japanese financial leader SoftBank has revealed that it has sold its stake in NVIDIA.
- In the future, it plans to acquire more stake in OpenAI in exchange for a crucial bet on AI.
- AI-related tokens like Bittensor and Theta are experiencing intense selling.
AI tokens are under intense selling pressure as Japanese banking giant SoftBank dumped its stake in NVIDIA to expand its position in Sam Altman’s OpenAI. The plan is to bet up to $40 billion on OpenAI’s path to profitability. This comes at a time when Wall Street investors are wondering whether spending on artificial intelligence (AI) will pay off.
SoftBank unloads NVIDIA for the second time
Last October, SoftBank sold its entire 32.1 million share position in Nvidia for $5.83 billion. It was the second time he left his position at the AI chipmaker. It initially purchased a $4 billion stake in 2017 and sold it in early 2019. The group then re-entered the NVIDIA ecosystem before dumping its position again in October.
According to a recent financial disclosure, the Japanese company has decided to redirect its attention and capital towards the popular ChatGPT creator, OpenAI. In 2025, SoftBank proposed to buy $1.5 billion worth of OpenAI shares.
This means that OpenAI employees were given the opportunity to sell their stake in the company at a unit price of $210 per share to SoftBank.
It’s worth noting that the company previously made a partial sale of its stake in T-Mobile for $9.17 billion. It was also part of an “asset monetization” aimed at funding the $40 billion investment in OpenAI by the end of this year.
Meanwhile, the sale of SoftBank’s stake in NVIDIA coincides with the season when Wall Street is questioning the profitability of spending on AI infrastructure.
OpenAI CEO Faces Lawsuit, AI Token Price Drop
Additionally, OpenAI CEO Sam Altman is currently under scrutiny for publicly denying seeking federal loan guarantees for AI infrastructure. Meanwhile, some sources said he requested this relief in an October 27 letter to the White House, although the latter graciously declined the offer.
With SoftBank announcing NVIDIA’s withdrawal, a number of AI tokens are facing significant selling pressure.
Data from CoinMarketCap shows that Bittensor
TAO
$377.6
24h volatility:
0.9%
Market capitalization:
$3.62 billion
Flight. 24h:
$208.90 million
lost 3.79% in the last 24 hours and is currently trading at $372.41. Computer Internet
INJ
$7.73
24h volatility:
2.3%
Market capitalization:
$770.12 million
Flight. 24h:
$156.67 million
saw an even bigger loss of 8.69% and is currently trading at $6.46. Other Top AI Tokens Like Injective
BTC
$103,469
24h volatility:
1.4%
Market capitalization:
$2.06T
Flight. 24h:
$72.35 billion
and Theta
THETA
$0.48
24h volatility:
0.1%
Market capitalization:
$480.06 million
Flight. 24h:
$20.84 million
also down 3.42% and 1.77%, respectively.
This decline mirrors a similar trend in the broader crypto sector, whose market capitalization fell by 1.4%.
following
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article is intended to provide accurate and current information, but should not be considered financial or investment advice. Because market conditions can change quickly, we encourage you to verify the information for yourself and consult a professional before making any decisions based on this content.
Benjamin Godfrey is a blockchain enthusiast and journalist who enjoys writing about real-world applications of blockchain technology and innovations aimed at driving mainstream acceptance and global integration of the emerging technology. His desire to educate people about cryptocurrencies inspires his contributions to renowned blockchain media and sites.
