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Thiel Exits Nvidia, Burry Turns Bearish as AI Trade Wobbles Before Earnings

Fresh disclosures stoke bubble fears as Nvidia retreats from its $5 trillion peak.

Overview

  • Thiel Macro LLC reported selling its entire 537,742-share Nvidia position in Q3, a stake worth about $100 million at September 30 prices.
  • The same filing shows Thiel cut Tesla, exited Vistra, and bought shares of Apple and Microsoft, marking a broad portfolio reshuffle.
  • SoftBank confirmed in October that it sold all 32.1 million Nvidia shares for roughly $5.83 billion to help finance other AI investments.
  • Michael Burry disclosed put options on Nvidia and Palantir, posted warnings about a potential AI bubble, and deregistered Scion Asset Management with the SEC.
  • Since Nvidia crossed a $5 trillion valuation on October 29, the stock has fallen about 10% alongside broader tech weakness, with investors focused on Wednesday’s earnings as a key test.