Important move by Softbank, which has sold the shares it had in NVIDIA, which is an unprecedented move by this Japanese bank.
A few weeks ago a rumor appeared that the Japanese investment bank Softbank could sell the shares of NVIDIA. So these speculations were taken as a rumor and as a method of pressure on the company. Well, in the end this bank has decided to sell its shares valued at 3.600 billion dollars.
Softbank sells its NVIDIA shares
The financial situation of NVIDIA is not good and the information that has been coming out, neither. They have stopped entering about 500 million dollars, the sales of the RTX 20 Series do not work, they would have at least 1 million Pascal GPUs to sell and on top of that they have been accused of making up the accounts. We recall that a capital analyst at the Royal Bank of Canada accused NVIDIA of distributing the income from cryptocurrencies among several key divisions of the company, including the gaming graphics division.
In addition, the company has lost more or less half of its valuation in the stock market due to its accounts that are considerably worse than expected. Launching the RTX 20 Series for 40% of its value to try to sell the Pascals earlier has only compounded the problem.
It is a movement that gives rise, necessarily to initiate a deep reflection. The first thing that should be analyzed or explained Jen-Hsun Huang is why Volta architecture has not reached the market and they have thrown themselves into the ring with Turing.
The NVIDIA Turing architecture arrives at least a year in advance and we all see the same problem: no games. Battlefield V as if it did not exist, because it is not finished. Metro Exodus is out shortly, but a game does not justify buying this graphic. We doubt that even ten games justify buying this graphics and more now, that this technology is still in an early stage. Although it is true that RayTracing and DLSS are here to stay.
Source: Fortune
