Billionaire PayPal founder dumps stake in AI chipmaker Nvidia

Peter Thiel is a long-time financial backer of Donald Trump - Eva Marie Uzcategui/Bloomberg Peter Thiel, the billionaire tech investor and PayPal investor, has sold his entire stake in Nvidia as fears mount over an artificial intelligence bubble. Thiel Macro, his hedge fund, sold its $100m (£76m) stake in the chipmaking giant during the three months to September, according to a US filing. It comes days after the Japanese investment company SoftBank said it had sold off its entire stake in Nvidia, valued ...