Amy Adams panics as Tech Mafia Boss Peter Thiel Dumps Entire Nvidia stake, slashes Tesla holdings… stirring phenomenal Bubba Bubble Fears

Amy Adams too is selling every single fuck things she could before… Wait, what’s bursting again? Bubba Bubble?

It looks like all the big boys have dumped AI sticks lock, stock, and barrel… Question: So, who is holding that $5 Trillion shits on NVidia alone?

Peter Thiel dumps entire Nvidia stake, slashes Tesla holdings amid bubble fears

A quiet selloff raises fresh questions about AI’s surge.

Peter Thiel fully exited his position in AI’s poster-child.
Thiel warns of an AI hype bubble, likening it to 1999’s excessive optimism.
His fund now holds only a few diversified tech giants.

Billionaire Peter Thiel has exited his entire stake in artificial intelligence major Nvidia, filings showed over the weekend, amid growing concerns over an AI-fueled bubble in technology valuations.

Thiel sold some 537,742 shares in NVIDIA Corporation (NASDAQ:NVDA) through the July-September period, with a Form 13F filing from his Thiel Macro fund showing that he no longer held any shares in Nvidia as of September 30.

The sale price of the shares amounts to nearly $100 million, Investing.com calculations showed, based on Nvidia’s average stock price in the July-September period.

Thiel also slashed his holding in Tesla Inc (NASDAQ:TSLA) to 65,000 shares from 272,613 shares, and purchased 79,181 and 49,000 shares in Apple Inc (NASDAQ:AAPL) and Microsoft Corporation (NASDAQ:MSFT), respectively.

Thiel also entirely exited his stake in energy generation firm Vistra Energy Corp (NYSE:VST), which amounted to 208,747 shares, the Form 13f showed.

Thiel’s disclosed sale in Nvidia comes just a week after Japanese tech conglomerate SoftBank Group Corp. (TYO:9984) disclosed it had sold off its entire stake in the firm. Last week, investor Michael Burry, famous for predicting the 2008 financial crisis, also disclosed heavy short positions on Nvidia and Palantir Technologies Inc (NASDAQ:PLTR).

The rationale behind Thiel’s sale was not immediately clear.

Thiel– who co-founded Paypal and Palantir– had earlier this year warned over stretched valuations in Nvidia, and had earlier also compared the recent spike in tech valuations to the 1999-2000 Dotcom bubble crash.

His exit from Nvidia comes amid rapidly increasing concerns over an AI-fueled bubble in tech valuations. Investors fretted over how AI major OpenAI planned to meet its over $1 trillion spending commitments, and how this could affect Nvidia and other chipmakers, which are major suppliers to the firm.

Nvidia’s investment in OpenAI also sparked concerns over circular financing, while a host of recent megacap tech earnings showed rapidly increasing capital expenditures on AI among Wall Street’s biggest firms.

In case you’re not aware, Jensen Huang was selling NVDA like crt=razy just the other day… More Here