Another giant exits! The "Godfather of Silicon Valley Venture Capital" sells all Nvidia shares and buys Apple and Microsoft

According to reports, billionaire Peter Thiel has liquidated all his holdings in AI giant Nvidia (NVDA.O), with related documents disclosed over the weekend. Currently, as technology valuations are being pushed higher by the AI boom, concerns about a bubble are intensifying.

The documents show that Thiel sold approximately 537,742 shares of Nvidia between July and September. The 13F form submitted by his fund, Thiel Macro, indicates that as of September 30, he no longer held any Nvidia shares.

Based on calculations by foreign media using Nvidia's average stock price between July and September, the sale of these shares amounted to nearly 100 millions USD. The specific reasons for Thiel's sale of Nvidia shares remain unclear. He has long been regarded as a Silicon Valley angel and "godfather of venture capital," as well as a thought leader in the investment world.

Thiel also significantly reduced his holdings in Tesla (TSLA.O) from 272,613 shares to 65,000 shares, and separately purchased 79,181 shares of Apple (AAPL.O) and 49,000 shares of Microsoft (MSFT.O).

The 13F filing also shows that Thiel completely liquidated his entire holding of 208,747 shares in energy generation company Vistra Energy Corp (VST).

Thiel's disclosed reduction in Nvidia holdings occurred just one week after SoftBank announced it had liquidated its Nvidia holdings. Just last week, Michael Burry, the investor famous for predicting the 2008 financial crisis, also disclosed significant short positions in Nvidia and Palantir (PLTR.O).

Thiel is the co-founder of PayPal and Palantir. Earlier this year, he warned that Nvidia was overvalued and compared the recent surge in tech stock valuations to the internet bubble collapse of 1999-2000.

As he exited Nvidia, market concerns about a bubble in tech valuations driven by AI have rapidly intensified. Investors have begun to worry about how AI giant OpenAI plans to fulfill its spending commitments of over 1.1 trillions USD, and how this will affect Nvidia and other suppliers providing key chips to OpenAI.

Nvidia's investment in OpenAI has also raised concerns about circular financing, while recent financial reports from several mega-cap tech companies show that Wall Street giants are rapidly increasing capital expenditures in the AI sector.