Goto declined to specify whether the October timing held particular significance, but described the sale as part of SoftBank’s ongoing cycle of “divesting and reinvesting,” calling it the company’s “fate” to continually reallocate capital. Notably, he added the decision had “nothing to do with Nvidia itself.”
Despite the scale of the commitment, the Stargate rollout has encountered delays. During a September briefing, Goto acknowledged that progress was taking longer than anticipated, citing the need to build consensus among partners including Oracle and Abu Dhabi’s MGX.
Yet, concerns persist about the sustainability of AI valuations and whether the enormous capital commitments will generate commensurate returns.
“There are various opinions, but SoftBank’s position is that the risk of not investing is far greater than the risk of investing,” Goto said during Tuesday’s presentation.
For now, Son appears willing to stake SoftBank’s future on AI.
