Overview
- SEC filings show Peter Thiel’s hedge fund sold its entire holding of 537,742 Nvidia shares, valued at about $100 million at the Sept. 30 close.
- The disposal follows SoftBank’s October sale of its Nvidia stake for $5.83 billion, adding to investor nerves around AI valuations.
- IG Italia projects roughly $55 billion in quarterly revenue and adjusted EPS of $1.26, with about $49.5 billion expected from Data Centers.
- The ECB’s Luis de Guindos warns that heavy market concentration in a handful of U.S. tech firms heightens the risk of sudden shocks.
- European stocks and U.S. indexes fell ahead of Nvidia’s results, with AI-linked chip shares weaker and Nvidia extending recent losses.