Short answer: Sam Nadler calls it a bet on the application layer and says it is SoftBank's second full Nvidia exit. Jordan Metzner says OpenAI is now discussed as a hyperscaler alongside Google, Facebook and Amazon.
Watch this answer from Episode 21 (starts at 25:33) · Episode 21 notes and transcript
From Episode 21: Not your STANDARD Market, starting at 25:33.
Sam Nadler [25:33]: Okay. Cool. So next up, SoftBank sells their entire NVIDIA stake and pivots to OpenAI. What I found interesting is this obviously, it seems a bet towards the application layer. I've also heard that this isn't the first time SoftBank has sold their entire NVIDIA stake. It's their second time in recent years. And I did hear if they had maintained their NVIDIA stake, not selling the first time, it would be worth over 200,000,000,000, today. But either way, I think the news is interesting, the pivot away from the chips and towards the application layer.
Angie Westbrook [26:14]: Yeah. I mean, like, this is sort of classic SoftBank. Right? I they like to be on the forefront of what's coming next, and they're they're making a bet on application layer. But, look, I mean, I still think that Nvidia is a good bet too. Know? Yeah.
Jordan Metzner [26:35]: I mean, we've seen SoftBank gamble a ton. Obviously, they're a huge investor and owner in AMD. And he's made a ton of gambles in venture capital and has had some big wins, some big losses. I think one thing it does say, ignoring that, he's moving cash out of Nvidia, I think it does kind of put even more pressure and spotlight on OpenAI. And it seems like just over the past kind of, I would say, like, ninety days or so, it seems like OpenAI is now being considered a hyperscaler in the same talks of, a Google, a Facebook, and Amazon. And, know, I don't know how far away they are from going public, but it certainly seems like they're, kind of joining this, like, mag seven crew. It doesn't seem like anyone else is nearby, and I think that, like, this might be the final kind of solidification of that prior to, going public. Alright. Let's last one, and this one's fun, and then we'll move on.
