Peter Thiel 's namesake fund exited Nvidia in the third quarter, the latest sign of caution around the high-flying artificial intelligence darling. Thiel Macro zeroed out its stake worth nearly $94 million during the three-month period, regulatory fillings show. It marked the fund's biggest change by dollar value in the quarter, according to InsiderScore. Thiel's decision mirrors Japanese firm SoftBank's, which announced earlier this month that it sold its entire stake in Nvidia for around $5.8 billion. Some investors have grown increasingly concerned in recent weeks that the AI trade, after driving the market to record highs over the past few years, is showing signs of being a bubble. NVDA YTD mountain Nvidia, year to date Nvidia shares rallied around 18% in the third quarter and are trac
Peter Thiel's hedge fund dumps Nvidia stake, cuts back Tesla position
CNBC Investing3 hrs ago
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