Nov. 11 at 7:39 PM
$SFTBY The Japanese company in a Tuesday statement said it sold 32.1 million shares of chip giant Nvidia (
$NVDA), a "complete sale," in October, raising
$5.83 billion.
That comes to an average price of just under
$182, below Monday's
$199.05 per share close. (It also reported
$9.17 billion in proceeds on sales of T-Mobile (TMUS) between June and September.)
Nvidia's shares hit their latest record high of
$212 in late October, but investors more recently have shown signs of wariness about valuations and the health of the AI trade. That's shown up in today's action, too; Nvidia's stock was down more than 3% in midday trading, more than broader markets.