Softbank adds $4B worth of NVDA to its Vision Fund portfolio

softbank

Nvidia (NVDA) stock is up almost 2% this morning on the news that Japan’s Softbank took $4B worth stake in NVDA stock. Over the weekend the company said that its Vision Fund, which closed with $93 billion under management, acquired shares of Nvidia but wouldn’t say how much. If it owns 4.9%, it is just below the threshold that would require it to file a regulatory disclosure with the U.S. Securities and Exchange Commission.

@TheStockTimes has buy rating on NVDA and PT of $160

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