To see the problems that Nvidia’s stock plunge since early October is causing for its shareholders, look no further than Softbank.
Softbank has drawn headlines during the past year for its ambitious Vision Fund, a massive $100 billion fund engineered by CEO Masayoshi Son. The fund has invested in a number of tech companies--including Nvidia, WeWork, Uber and Slack. The idea behind it was to get in early on companies that will be reshaping technology for the next 100 years. But the fund also made Softbank something of a new power broker in Silicon Valley.