Peter Thiel dumps top AI stock, stirring bubble fears

Billionaire Peter Thiel’s latest 13F didn’t amusement disconnected a specified trim, but a full-blown exit from AI bellwether Nvidia (NVDA).

It comes astatine a astonishing constituent erstwhile Wall Street’s been engaged declaring the chipmaker arsenic virtually untouchable.

Although Nvidia precocious surpassed a $5 trillion valuation, Thiel walked distant completely, shrinking his fund’s equity publication by astir two-thirds portion gathering it astir 3 megacap names.

That’s acold from being a rebalance and much of an emphatic statement.

Thiel had antecedently warned astir AI’s hype rhythm moving acold up of its existent economics, and his Q3 portfolio shakeup aligns with that view.

Peter Thiel isn’t similar a tourer wandering done the tech world; successful fact, helium has been instrumental successful gathering the modern mentation of it.

He co-founded fintech elephantine PayPal, ran it arsenic CEO, and took it nationalist earlier becoming the archetypal extracurricular capitalist successful Facebook.

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Later, helium co-founded the astir fashionable defence AI institution successful Palantir, wherever helium remains chairman, portion helping crook Founders Fund into possibly Silicon Valley’s astir influential VC shop, that’s backed businesses specified arsenic the likes of SpaceX and Airbnb.

On the investing broadside of things, helium runs his hedge fund, Thiel Macro LLC, which held astir $74.4 million successful agelong U.S. stocks arsenic of Q3, which is down remarkably from $212 million successful Q2.

Moreover, his idiosyncratic nett worthy is an eye-popping $16.3 cardinal arsenic of 2025.

Thiel’s Q3 filing unveiled possibly the sharpest pivots of immoderate large capitalist successful the tech abstraction truthful acold this year.

While Nvidia continues to powerfulness done blowout quarters and leap past a $5 trillion marketplace cap, Thiel Macro LLC heads successful the other direction.

The money didn’t conscionable trim Nvidia, it eliminated it.

Over 537,000 shares, which correspond astir 40% of the full portfolio, conscionable vanished from the 13F. Vistra Energy, different 19% chunk, was wiped retired arsenic well.

What raises eyebrows adjacent much is what Nvidia has been doing with quarterly income surging from$39.3 cardinal to $46.7 billion, spearheaded by a 56% bump successful data-center revenues, with analysts modeling a changeable astatine $1 trillion successful yearly income by 2030.

Collectively, Thiel’s disclosed equity publication dropped from astir $212 cardinal successful Q2 to conscionable $74.4 million successful Q3, an astir two-thirds reduction.

Moreover, the fund’s turnover hovered implicit 80%, leaving conscionable 3 holdings: Tesla, Microsoft, and Apple.