Billionaire investor Peter Thiel has fully exited his position in Nvidia, according to regulatory filings released over the weekend, as worries grow about a potential AI-driven bubble in technology valuations.
Thiel sold 537,742 shares of NVIDIA Corporation (NASDAQ: NVDA) between July and September. A Form 13F filing from his Thiel Macro fund confirmed he held no Nvidia shares as of September 30. Based on Nvidia’s average price during that period, the sale totaled nearly $100 million.
He also sharply reduced his position in Tesla Inc. (NASDAQ: TSLA), cutting it from 272,613 shares to 65,000 shares. At the same time, Thiel boosted his holdings in Apple Inc. (NASDAQ: AAPL) and Microsoft Corporation (NASDAQ: MSFT), purchasing 79,181 and 49,000 shares respectively.
The filing also showed that Thiel exited his entire position in Vistra Energy Corp. (NYSE: VST), where he previously held 208,747 shares.
Thiel’s Nvidia exit follows a string of similar moves from major investors. SoftBank Group Corp. (TYO: 9984) recently disclosed it sold its entire Nvidia stake, while investor Michael Burry revealed sizable short positions against Nvidia and Palantir Technologies Inc. (NASDAQ: PLTR).
Although Thiel did not provide a direct explanation for his sale, he has repeatedly warned throughout the year that Nvidia’s valuation appeared stretched. He also compared the current surge in tech enthusiasm to the Dotcom bubble of 1999–2000.
The sale comes amid rising fears that the artificial intelligence boom may be inflating tech valuations too quickly. Investors are increasingly questioning whether AI leaders such as OpenAI can meet more than $1 trillion in future spending needs, and how this demand may impact Nvidia and other chip suppliers. Concerns have also grown over circular financing risks and the rapid increase in AI-related capital expenditure across major tech companies.
