By Faizan Farooque
Publication Date: 2025-11-18 14:54:00
This article first appeared on GuruFocus.
Nvidia (NVDA, Financials) came under renewed scrutiny after a regulatory filing showed Peter Thiel’s hedge fund exited its entire position in the chipmaker during the third quarter. Thiel Macro sold roughly 537,742 shares, a stake valued at about $100 million at the end of September.
The sale adds to growing concerns that the sharp rise in AI-related valuations may be approaching a peak. SoftBank also disclosed last week that it had liquidated its Nvidia holdings, and several hedge funds trimmed positions across other large tech names during the third quarter.
Investors have increasingly viewed Nvidia as a barometer for AI demand, given its chips power data centers and servers that underpin the sector’s rapid expansion. The company reports third-quarter earnings on Wednesday, and the results will be closely watched for signs that spending on AI infrastructure remains strong.
