AsianFin--Masayoshi Son, the founder of SoftBank Group, regrets his decision to sell Nvidia shares, saying, "The fish that got away was big" and "I had to tearfully sell the shares."

In 2019, SoftBank’s Vision Fund decided to sell all of its Nvidia shares, which comprised 4.9% of the company. Although this seemed like a smart move back then because SoftBank had originally spent around $700 million to buy the shares and ended up making a huge profit of $3.3 billion from the sale, now it’s clear: had Softbank held onto those shares, they would be worth more than $150 billion just a couple of days ago.

In 2022, NVIDIA and SoftBank terminated the previously announced transaction whereby NVIDIA would acquire Arm from SBG.

“Arm has a bright future, and we’ll continue to support them as a proud licensee for decades to come,” said Jensen Huang, founder and chief executive officer of Nvidia, after the termination.

“Arm is becoming a center of innovation not only in the mobile phone revolution, but also in cloud computing, automotive, the Internet of Things and the metaverse, and has entered its second growth phase,” said Son. “We will take this opportunity and start preparing to take Arm public, and to make even further progress.”