Tech
Peter Thiel sells entire Nvidia stake amid AI bubble fears
[ad_1]
Billionaire Peter Thiel has offloaded his entire stake in leading chipmaker Nvidia, according to recent regulatory filings, amid concerns over an artificial intelligence-fuelled bubble in technology stocks.
The 13F filings by Thiel Macro LLC show that the fund sold all the 537,742 Nvidia shares it held during the July-September quarter. This position accounted for 40% of the fund’s portfolio.
The fund also sold its entire stake — 208,747 shares — in US-based energy company Vista Corp, wiping another 19% off its portfolio.
The exits shrank the…
[ad_2]
Source link
Continue Reading