SoftBank is selling its entire stake in Nvidia — but not for the reasons you might think.

The Japanese conglomerate said Tuesday it sold 32.1 million shares of Nvidia in October.

Investors piled back into artificial intelligence names on Monday stateside. "AI-related stocks should drive equity markets," an analyst said.

Softbank sold its stake in Nvidia for $5.83 billion to focus on artificial intelligence, the company said Tuesday. Nvidia shares dipped slightly.

Shares in chipmaker Nvidia fall after announcement by Japanese investor, with other tech shares also slipping

Confidence in Nvidia stock is in doubt after SoftBank's decision to relinquish its stake in the chipmaker.

Plus: Sora’s unsustainable economics.

SoftBank Group shares fell as much as 10% Wednesday after the conglomerate revealed it had offloaded its entire stake in U.S. chip giant Nvidia.

SoftBank is selling its entire stake in Nvidia — but not for the reasons you might think.

SoftBank is selling its entire stake in Nvidia — but not for the reasons you might think.

Shares of SoftBank Group plunged over 8%, marking its third straight day of selloff after the Japanese giant said it had sold its entire stake in Nvidia.