SoftBank Group Corp. has amassed a $4 billion stake in Nvidia Corp. making it the fourth-largest shareholder in the graphics chipmaker, this according to a report published on Bloomberg. Softbank is believed to hold a 4.9 percent stake in Nvidia.
Nvidia is one of the best-performing technology stocks of the past 18 months. In early January 2016, Nvidia shares were trading at around $32. On May 22, 2017, they closed at $137.03.
The investment is in accordance to the overall plan of Softbank to become the biggest investor in technology over the next decade.
(Photo source: http://www.androidpolice.com)
