Skip to main content

SoftBank (SFTBF) , a Japanese multinational telecommunications and Internet firm, has taken a $4 billion stake in Nvidia (NVDA) , making it the fourth-largest shareholder in the chipmaker, Bloomberg reports.

The Japanese company on Saturday revealed it owned an unspecified amount of Nvidia stock when it announced a $93 billion commitment to its Vision Fund, a technology investment fund.

SoftBank founder Masayoshi Son has stated in the past that he intends on becoming the largest investor in technology over the next decade.

Nvidia has evolved into one of the primary leaders in the chipmaking space, designing devices for machine intelligence in data centers, automobiles and more.

Scroll to Continue

TheStreet Recommends

Shares of Nvidia were higher over 1.5% during mid-morning trading on Wednesday.  

Comcast (CMCSA) and Alphabet (GOOGL) are just some of the tech names in Jim Cramer's Action Alerts PLUS portfolio. Get his insights on the biggest names in tech here.