Andy Halliday

I'll hit the top of the charts with just the nervousness that's been created as a result of SoftBank, one of the major investors in the world of technology for many decades, and led by a fellow named Masayoshi Son, and his decision to sell his entire stake in Nvidia.

Now, when someone sells their entire stake exiting from their play in that kind of investment, one might worry that that's an indication that he fears that that value is going to somehow decline in the coming months, years, as opposed to what many commentators are saying, which is, no, he's just got...

so many other obligations with respect to the stargate initiative and open ai's investment his his committed investment to open ai that he needs that nearly six billion dollars which is a drop in the bucket really in the world of the investment scales that are being made in these things he needs that six billion dollars for other purposes now and you know uh

NVIDIA is at a pretty nice high level.

So you can harvest profits, take your profits now.

And he might also be thinking, well, if I take it out now,

and I have it parked in something and suddenly Nvidia drops down to the 150 level or 120 level where it has been fairly recently, maybe I can just jump back in.

But I don't think this is a timing the market kind of play on his part.

I think it's more about having to shuffle his cards around and get them ready for the next play at the gaming table.

Very big, high stakes game that is happening in the world of AI investment, which is really supporting the economies of many countries in the world at this point.

I think he's made commitments to investment in OpenAI that he has to fulfill on.

And it's beyond $5.8 billion, right?

So I think this is the cash component.

Now, SoftBank has many ways to raise money beyond his personal or SoftBank's interest in one investment vehicle.

Yeah.

All right, now further plays on the gaming table of AI.

Meta has had a very turbulent period here disrupting their earlier plans to become the purveyors of the metaverse and then shifting to AI.

falling a little bit on their faces with llama five then you know poaching the talent to try to redress that by you know offering arguably up to billion dollar potential compensation packages to to the leading minds and thought leaders uh and then

People leaving immediately.

I mean, the turbulence is understandable.