Thiel Bypasses Palantir and Nvidia for Meta, Tesla, Apple in Contrarian AI Play

Thiel Bypasses Palantir and Nvidia for Meta, Tesla, Apple in Contrarian AI Play

By Trey Thoelcke
Publication Date: 2026-02-09 12:15:00

Peter Thiel’s hedge fund is making a contrarian AI bet that avoids the sector’s most obvious winners. Despite co-founding Palantir Technologies (NASDAQ: PLTR), Thiel’s fund doesn’t own a single share of the company. He’s also skipping Nvidia (NASDAQ: NVDA), the chip giant that has delivered 1,268% returns over five years. Instead, his portfolio focuses on … Thiel Bypasses Palantir and Nvidia for Meta, Tesla, Apple in Contrarian AI Play