Peter Thiel's fund joins SoftBank in offloading Nvidia shares

Core Viewpoint - Peter Thiel's hedge fund, Thiel Macro LLC, sold its entire stake in Nvidia during the third quarter, coinciding with SoftBank's similar divestment, raising concerns about a potential AI bubble in the market [1][2][3] Group 1: Stake Sales - Thiel Macro LLC sold all 537,742 shares of Nvidia, valued at approximately $85 million at the end of Q2, which would have been worth about $100 million at market close on September 30 [1] - SoftBank disclosed it sold its entire stake in Nvidia during the same quarter, amounting to a $5.8 billion divestment [2] - Both sales occurred as some investors express increasing caution regarding the sustainability of the AI boom [2] Group 2: Nvidia's Market Position - Nvidia has become the world's most valuable company, surpassing a market capitalization of $5 trillion last month, driven by its role in powering AI applications [3] - Dan Ives, a Wedbush analyst, maintains a bullish outlook on Nvidia, describing it as a "foundational piece" of the AI revolution and expects it to exceed market estimates in its upcoming earnings report [4] Group 3: Thiel Macro's Remaining Holdings - At the end of Q3, Thiel Macro held stakes in Apple, Tesla, and Microsoft, with a combined value exceeding $74 million as of September 30 [4]