Peter Thiel's Hedge Fund Dumps Entire $100 Million Nvidia Stake as AI Investment Sentiment Splits
Summary
Peter Thiel's hedge fund completely dumps its $100 million Nvidia stake amid growing investor skepticism about AI market valuations, joining Michael Burry and SoftBank in bearish bets as hedge fund sentiment splits evenly on whether AI companies can prove profitable.
Key Points
- Peter Thiel's hedge fund Thiel Macro LLC completely divests its 537,742 share position in Nvidia during the third quarter, worth approximately $100 million based on September 30 closing prices
- The sale occurs amid growing concerns about AI market exuberance, with other major investors like Michael Burry taking bearish positions against Nvidia and SoftBank also selling its $5.83 billion stake in October
- Analysis of 909 hedge funds shows evenly split sentiment on Nvidia with 161 funds increasing positions while 160 decreased them, as investors question whether AI companies can demonstrate profitable monetization models