Overview
- SEC filings show Peter Thiel’s hedge fund sold its entire 537,742-share Nvidia stake, valued at roughly $100 million at Sept. 30 prices.
- SoftBank disposed of its Nvidia holding in October for $5.83 billion, adding to concern about lofty AI valuations.
- European stocks fell broadly with Milan down as much as 2.3%, while U.S. chip names, including Nvidia, traded lower ahead of the report.
- Analysts forecast about $55 billion in revenue and $1.26 adjusted EPS, with the Data Center segment expected to dominate results and watched for signs of demand digestion.
- ECB vice-president Luis de Guindos cautioned that heavy market concentration in large U.S. tech heightens shock risks, as ADP data signaled a cooling U.S. labor market.