Peter Thiel's Hedge Fund Exits Nvidia, Adding Pressure To AI Stocks

Benzinga

Peter Thiel’s hedge fund sold its entire Nvidia stake—over half a million shares worth nearly $100 million—adding to worries that AI valuations may have peaked. The firm rotated into Apple, Microsoft, and a smaller Tesla position as investors await Nvidia’s earnings for clues on AI demand.

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00:00It's Benzinga bringing Wall Street to Main Street.

00:02Tech billionaire Peter Till's hedge fund unloaded its entire NVIDIA stake during the third quarter,

00:08selling over half a million shares worth nearly $100 million, according to Reuters.

00:13The exit followed SoftBank's sale of its NVIDIA holdings last week and added to concerns that

00:18soaring AI valuations may have peaked. Investors are watching NVIDIA's third quarter results on

00:23Wednesday for clarity on AI demand as the chipmaker remains central to massive data center build-outs.

00:29The filing showed Teal Macro shifted its portfolio toward Apple, Microsoft, and a smaller Tesla

00:35position while several hedge funds also trimmed exposure to the Magnificent Seven during the

00:39quarter. For all things money, visit Benzinga.com.

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