SoftBank’s CEO, People who talk about a bubble around AI investment are “not smart enough,”
[https://finance.yahoo.com/news/softbank-son-cried-nvidia-stake-095721630.html](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.