"Peter Thiel's hedge fund sold its entire stake in Nvidia in the third quarter, according to a 13F filing. Thiel Macro LLC sold all of its 537,742 shares in the chipmaker, per the filing, which were valued at about $85 million at the end of the second quarter. Those shares would have been worth about $100 million at market close on September 30 - but it is unclear when Thiel's fund offloaded its stake."
"It comes hot on the heels of SoftBank disclosing that it sold all of its Nvidia shares during the same quarter. Thiel Macro's holding was relatively small when compared with Nvidia's $4.6 trillion market capitalization and the $5.8 billion stake sold by SoftBank. However, both sales come as some investors and tech leaders become increasingly wary of an AI bubble."
Thiel Macro LLC sold all 537,742 Nvidia shares in the third quarter, per a 13F filing, with those shares valued at about $85 million at the end of the second quarter. The shares would have been worth about $100 million at market close on September 30, though the sale timing is unclear. SoftBank also sold its entire Nvidia position in Q3, divesting a $5.8 billion stake. Nvidia's market capitalization reached $4.6 trillion and it became the first company to pass $5 trillion amid strong AI chip demand. Some investors and tech leaders have grown wary of an AI bubble. SoftBank said the divestment aimed to reallocate funds toward OpenAI. Thiel Macro ended Q3 holding Apple, Tesla, and Microsoft stakes worth over $74 million.
Read at Business Insider
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