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Peter Thiel sells off all Nvidia stock, stirring bubble fears

(www.thestreet.com)
212 points hypeatei | 1 comments | 16 Nov 25 21:19 UTC | HN request time: 0.001s | source
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hactually ◴[16 Nov 25 21:54 UTC] No.45948766[source]▶
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.
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dmix ◴[16 Nov 25 22:26 UTC] No.45949025[source]▶
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.
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dehrmann ◴[16 Nov 25 23:29 UTC] No.45949428[source]▶
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.
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lostmsu ◴[16 Nov 25 23:51 UTC] No.45949610[source]▶
> Meta and Intel

?

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1. dehrmann ◴[17 Nov 25 00:10 UTC] No.45949729{3}[source]▶
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.