Peter Thiel sells off all Nvidia stock, stirring bubble fears

I'd say he's wanting to lock in those gains. Diamond hands are different when you're up 100s of millions on a single stock.

Yeah everyone wants a conspiracy when the obvious signal is that he already made insane amounts of money off the stock spiking so high and he wants to diversify it on other stuff instead of continuing to gamble on a big one. Which is also what the article says he is doing.

And Nvidia has a target on its back right now. It's priced like it's the only game in town, but AMD, Google, Meta and Intel have varying degrees of competing chips for AI use.

It doesn't take a genius to work out somebody who bought low might want to sell high.

The newsworthy aspect to this is that the AI hype cycle is saying that right now, today, Nvidia is cheap. If AI is going to capture the entire economy, but it relies on Nvidia hardware, the current valuation is pennies on the dollar of what it will be one day.

Except, you know, that's all a lie. And Thiel peddled it for a while, and is friends with Musk, and connected to many others in the hype cycle besides, and now he's showing his hand that he knows its a lie.

> Meta and Intel

?

Meta: https://ai.meta.com/blog/next-generation-meta-training-infer...

They don't sell it, but they could if Nvidia started charging too much, and some of these are going into Meta datacenters instead of Nvidia.

Intel makes the Arc. It's probably the least viable competitor in that list, but the fundamentals are there, so some about of focus and investment could result in a viable competitor.

Diamond hands is more of a meme token punter term. Thiel is running a hedge fund and has a responsibility to get good returns for his investors. Buying underpriced stocks and selling overpriced is a normal thing to do.

Even the shoeshine boy is giving stock tips about the AI bubble and selling NVDA.

I think we are in an insane LLM/compute bubble but I just put long trades on in Palantir and Nvidia the past few days.

Sentiment is just so one sided right now.