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Thiel Macro Exits Nvidia, Joining High-Profile Pullbacks Ahead of Earnings

Nvidia’s results are now viewed as a key gauge for the durability of the AI trade.

Overview

  • A regulatory filing shows Peter Thiel’s Thiel Macro sold its entire Nvidia position in the third quarter, exiting 537,742 shares worth about $100 million at September’s end.
  • SoftBank disclosed in October that it liquidated its Nvidia stake for roughly $5.8 billion to fund investments tied to OpenAI.
  • Michael Burry’s Scion Asset Management reported a third‑quarter short position against Nvidia valued at $186 million.
  • Nvidia shares have fallen more than 10% since briefly touching a $5 trillion valuation in late October as AI enthusiasm cooled.
  • Wall Street is watching Wednesday’s earnings report closely, with analysts still expecting a solid quarter driven by big tech spending on AI infrastructure.