New Delhi, Nov. 17 -- SoftBank stock price jumped nearly 3% to 20,335 Japanese Yen on the Tokyo stock exchange in Monday's trading session, snapping a three-day losing streak last week.

The stock slid nearly 10% in the past five trading sessions following the company's announcement that it had sold its entire stake in U.S. chipmaker Nvidia for $5.83 billion.

SoftBank's stock closed at 19,780 yen, marking its third consecutive day of losses. The company also saw its biggest weekly decline since March 2020 last week, shedding approximately $50 billion in market value.

Despite recent developments, SoftBank and Nvidia will remain business partners. The Tokyo-based company is involved in multiple AI initiatives leveraging Nvidia's technolog...