Key Takeaways
- SoftBank Group (SFTBY) has fully dissolved its stake in Nvidia (NVDA), according to a new SEC filing, marking a major exit from the world’s leading AI chipmaker.
- General Motors (GM) CFO Paul Jacobson stated the tariff environment is becoming "more stable," as the automaker successfully mitigates billions in trade-related costs.
- Alphaton Capital (ATON) secured a $30 million lease for 504 Nvidia Blackwell B200 GPU computers, targeting a $1.2 million monthly revenue stream starting in March.
- The U.S. Dollar turned positive against the Japanese Yen, rising 0.1% to 153.66, reversing earlier weakness following the recent Japanese election.
- Federal Reserve Chair Jerome Powell is reportedly maintaining a "strong relationship" with Special Envoy Steve Witkoff, providing a critical bridge between the central bank and the executive branch.
SoftBank Completes Nvidia Exit
SoftBank Group (SFTBY) has officially dissolved its remaining share stake in Nvidia (NVDA), according to a regulatory filing released Tuesday. The move marks the end of a highly profitable era for the Japanese conglomerate, which had previously offloaded a massive $5.83 billion block of shares in late 2025.
Analysts suggest the exit allows SoftBank to reallocate capital toward direct AI infrastructure and its growing partnership with OpenAI. Despite the divestment, Nvidia continues to see robust demand from other institutional players, though the exit of such a high-profile backer has drawn significant market attention.
GM Navigates "Stable" Tariff Landscape
General Motors (GM) CFO Paul Jacobson provided an optimistic update on the trade front, noting that the "tariff environment is getting more stable." While the automaker expects to absorb between $3 billion and $4 billion in gross tariff costs this year, Jacobson emphasized that the company has already offset over 40% of these headwinds through pricing and supply chain adjustments.
The automaker is currently ahead of schedule in its plan to restore North American margins to the 8%–10% range. GM is further insulating itself from trade volatility with a $5 billion onshoring investment aimed at domesticating production and reducing reliance on international components.
Alphaton Capital Expands AI Infrastructure
Alphaton Capital (ATON) announced the signing and closing of a $30 million lease agreement to deploy 504 Nvidia Blackwell B200 GPU computers. The deployment, based in Canada, is part of a broader strategy to scale AI infrastructure for the Telegram ecosystem and its 1 billion monthly active users.
The company expects the new hardware to generate a minimum of $1.2 million in monthly revenue beginning in March 2026. Alphaton projects that its total fleet of 1,080 chips will be fully online by April, potentially driving monthly revenues to $3.11 million with a projected 40% internal rate of return (IRR).
Currency and Political Developments
In the foreign exchange markets, the U.S. Dollar turned positive against the Japanese Yen, reaching 153.66. The move comes as the "Takaichi Rally" in the Yen begins to cool, with investors weighing the likelihood of further Bank of Japan rate hikes against a resilient U.S. economy.
On the political front, reports highlight a strengthening relationship between Federal Reserve Chair Jerome Powell and Steve Witkoff, the U.S. Special Envoy. This rapport is viewed as a stabilizing factor for financial markets, as it suggests a functional communication channel between the Fed and the current administration’s key economic advisors.
Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications.