软银以58亿美元出售英伟达股份，为人工智能押注提供资金

SoftBank Sells Nvidia Stake for $5.8Billion to Fund AI Bets 软银以58亿美元出售英伟达股份，为⼈⼯智能押注提供资⾦ WATCH: Masayoshi Son’s SoftBank has sold its entire stake in Nvidia. PeterElstrom reports.Source: Bloomberg 观看：孙正义的软银已出售其在英伟达的全部股份。彼得·埃尔斯特罗姆报道。资料来源：彭博社 ByMin-Jeong Lee 作者：Min-Jeong Lee November 11, 2025 at 2:38 PM GMT+8Updated on更新于November 11, 2025 at 6:35 PM GMT+8 SoftBank Group Corp. sold its entire stake in NvidiaCorp., pocketing $5.83 billion to help bankrollenvisioned AI investments. 软银集团公司出售了其在英伟达公司的全部股份，赚了58.3亿美元，以帮助为设想的⼈⼯智能投资提供资⾦。 The sale highlights how founder Masayoshi Sonneeds money to chase a plethora of projects,including Stargate data centers and AI robotmanufacturing sites in the US. 此次出售凸显了创始⼈孙正义如何需要资⾦来追逐⼤量项⽬，包括美国的星际之⻔数据中⼼和⼈⼯智能机器⼈制造基地。 SoftBank is keen to become a leading player in thegrowing AI ecosystem, with plans to leverage stakesin sector linchpins from OpenAI to US chip designerAmpere Computing LLC. 软银热衷于成为不断发展的⼈⼯智能⽣态系统的领先者，并计划利⽤从OpenAI到美国芯⽚设计商AmpereComputing LLC等⾏业关键⼈物的股份。 SoftBank Group Corp.sold its entire stake inNvidiaCorp.for $5.83 billion to help bankroll AIinvestments, even as investors question the amountof capital pouring into a technology with uncertainreturns. 软银集团公司以58.3亿美元的价格出售了其在英伟达公司的全部股份，以帮助为⼈⼯智能投资提供资⾦，尽管投资者质疑流⼊⼀项回报不确定的技术的资本数量。 The Nvidia stake sale highlights how founderMasayoshi Sonneeds money to chase a plethora ofprojects that range from Stargate data centers to AIrobot manufacturing sites in the US. Its exit coincideswith a growing debate about whether spending by bigtech firms fromMeta Platforms Inc.toAlphabet Inc.— expected to surpass $1 trillion in coming years — willproduce commensurate returns. Nvidia’s stock wasdown 1.3% in pre-market trading. 英伟达的股权出售凸显了创始⼈孙正义如何需要资⾦来追逐从星际之⻔数据中⼼到美国⼈⼯智能机器⼈制造基地的⼤量项⽬。它的退出恰逢关于从MetaPlatforms Inc.到Alphabet Inc.的⼤型科技公司的⽀出（预计未来⼏年将超过1万亿美元）是否会产⽣相应回报的争论⽇益激烈。英伟达股价在盘前交易中下跌1.3%。 SoftBank is keen to become a leading player in thatgrowing ecosystem, with plans to leverage stakes insector linchpins from OpenAI to US chip designerAmpere Computing LLC. On Tuesday, SoftBankexecutives sidestepped questions about whether theindustry is fomenting an AI investment bubble, andsaid the sale had nothing to do with Nvidia itself butwas a necessary financing measure. 软银热衷于成为这个不断发展的⽣态系统中的领先者，并计划利⽤从OpenAI到美国芯⽚设计商AmpereComputing LLC等⾏业关键⼈物的股份。周⼆，软银⾼管回避了有关该⾏业是否在煽动⼈⼯智能投资泡沫的问题，并表示此次出售与英伟达本身⽆关，⽽是⼀项必要的融资措施。 “I can’t say if we’re in an AI bubble or not,” ChiefFinancial OfficerYoshimitsu Gotosaid during anearnings conference Tuesday. SoftBank sold Nvidia“so that the capital can be utilized for our financing,”he added, without elaborating. “我不能说我们是否处于⼈⼯智能泡沫中，”⾸席财务官Yoshimitsu Goto在周⼆的财报会议上表示。软银出售英伟达“以便资⾦可⽤于我们的融资，”他补充道，但没有详细说明。 SoftBank has sold out of Nvidia once before, in 2019.The company resumed buying small stakes in Nvidiain 2020 — two years before the advent of ChatGPTignited a historic rally. It disclosed that itincreased itsstakein the US chipmaker to around $3 billion at theend of March.It’s done well just on that measure:Nvidia has gained more than $2 trillion of marketvalue since. 软银曾在2019年出售过⼀次英伟达。该公司于2020年恢复购买英伟达的⼩额股份——两年前ChatGPT的出现引发了历史性的反弹。它透露，截⾄3⽉底，它将其在这家美国芯⽚制造商的股份增加到约30亿美元。仅在这项指标上，它就做得很好：⾃那以后，英伟达的市值已经获得了超过2万亿美元。 That rally, along with its investment in OpenAI,helped prop up SoftBank’s bottom line. The Japanesecompany reported a surprise net income of ¥2.5trillion ($16.2 billion) in its fiscal second quarter, faroutrunning the average of analyst estimates of ¥418.2billion. OpenAI’s value has risen $14.6 billion sinceSoftBank invested, Goto said. 这次反弹，加上对OpenAI的投资，帮助⽀撑了软银的利润。这家⽇本公司公布的第⼆财季净利润出⼈意料地达到2.5万亿⽇元（162亿美元），远远超过分析师预期的4182亿⽇元的平均⽔平。Goto表示，⾃软银投资以来，OpenAI的价值已上涨146亿美元。 SoftBank's Profit Surged With Growing Tech Valuations 软银利润随着科技股估值的上涨⽽飙升 The Japanese investment firm reported its best quarter inthree years 这家⽇本投资公司报告了三年来最好的季度 SoftBank is on track to report its highest annual profitsince 2020, Bloomberg Intelligence analystKirkBoodrysaid. “The sale of $5.8 billion in Nvidia shareshighlights the company’s access to liquidity as itcontinues its AI investment program,” he added. 软银有望公布⾃2020年以来的最⾼年度利润，彭博资讯分析师Kirk Boodry表示。“出售价值58亿美元的英伟达股票凸显了该公司在继续其⼈⼯智能投资计划时获得流动性的机会，”他补充道。 Son’s initiatives — which include the Stargate datacenter rollout as well as a$1 trillion AI manufacturinghubin Arizona — have seen the billionaire court USPresident Donald Trump, as well as the chiefs ofTaiwan Semiconductor Manufacturing Co.and SouthKorean conglomerates. SoftBank evenexploreda takeover of US chipmakerMarvell Technology Inc.earlier this year. 孙兴慜的举措——包括星际之⻔数据中⼼的推出以及在亚利桑那州建⽴价值1万亿美元的⼈⼯智能制造中⼼——让这位亿万富翁向美国总统唐纳德·特朗普以及台积电和韩国企业集团的负责⼈求爱。今年早些时候，软银甚⾄探索收购美国芯⽚制造商Marvell TechnologyInc.。 Son’s company nowboasts a portfoliothat includessome of the world’s most sought-after names in AI,including OpenAI,ByteDance Ltd.andPerplexity AIInc.Those stakes boosted SoftBank’s paper gains andhelped drive a 78% surge in its share price over thethree months ending in Septe