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Softbank invests $4 billion in Nvidia

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.

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