Wall Street darling and the world's most valued company, Nvidia Corp. has seen another high profile exit as Peter Thiel's hedge fund sold its entire stake in the previous quarter.

Thiel Macro LLC, the hedge fund, disclosed that it sold its entire stake in the world's leading provider of AI chips during the third quarter. It offloaded 5,37,742 shares of Nvidia, which would have been worth $100 million, based on the closing price of September 30.

The fund also reduced its stake in Tesla Inc. during the quarter, but the Elon Musk-owned EV maker still features among the fund's top holdings, along with Apple and Microsoft, as per the 13F filing.

Thiel's exit from Nvidia comes on the heels of SoftBank also disclosing that it sold its entire remaining stake in Nvidia, worth nearly $6 billion,

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