Peter Thiel’s hedge fund, Thiel Macro LLC, sold its entire stake in Nvidia Corp. ($NVDA) during the third quarter, according to a new 13F filing. The move marks a major retreat from one of the most prominent companies in the artificial intelligence sector just days before Nvidia’s next earnings report.
- Thiel Macro offloaded all 537,742 shares of Nvidia, worth about $100 million as of September 30.
- The fund’s top holdings now include Apple ($AAPL), Microsoft ($MSFT), and a reduced stake in Tesla ($TSLA).
- The sale comes amid rising concerns over a potential AI investment bubble, with other high-profile investors such as Michael Burry and SoftBank’s Masayoshi Son also exiting Nvidia positions.
- SoftBank sold $5.8 billion worth of Nvidia shares in October to finance other AI investments.
- Michael Burry’s Scion Asset Management recently disclosed put options against Nvidia and Palantir, betting on declines in both stocks.
- Nvidia reports earnings this Wednesday, with shares up roughly 2% since the end of September but down slightly in pre-market trading today.
Relevant Companies
- Nvidia ($NVDA) – The company faces mixed investor sentiment ahead of its Q3 earnings report.
Editor’s Note: This is a developing story. This article may be updated as more details become available.
