Japan’s SoftBank Group Corp. sold the shares in October, reflecting a shift in focus to OpenAI.

Nvidia is out. OpenAI is in. Does that make sense?

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Tokyo-listed shares of SoftBank Group fell sharply on Friday, extending a three-day losing streak as investors digested the Japanese conglomerate’s disclosure that it had sold its entire stake in US chipmaker Nvidia for $5.

Japan's SoftBank Group reported on Tuesday a net profit of 2.5 trillion yen ($16.6 billion) for the July-September quarter, its third consecutive quarter of profits. That compared with a net profit of 1.

Yoshimitsu Goto, a senior vice president of SoftBank Group Corp., on Tuesday said "it's difficult to judge" whether a bubble is forming with artificial intelligence as excessive expectations for the technology seem to be arising.

Asia stocks trade mixed on Wednesday, mirroring global market sentiment. Japan’s Nikkei index was hampered by notable losses in the heavyweight SoftBank Group (OTCPK:SFTBY) (OTCPK:SFTBF). The conglomerate's stock fell as much as 10% Wednesday after news broke that it had sold its entire stake in chip giant Nvidia.

Nvidia or OpenAI? The two companies are at the heart of the artificial-intelligence boom but Japan’s SoftBank Group has decided to sell its stake in the chip maker in order to fuel an even bigger bet on the ChatGPT developer.