Thiel Sells Nvidia Stake, Cuts Tesla Holdings

Venture capitalist Peter Thiel, co-founder of PayPal and early investor in Facebook, has significantly altered his investment strategy. He has sold his entire stake in Nvidia, a move worth hundreds of millions of dollars, and reduced his holdings in Tesla by two-thirds. This shift comes as Thiel expresses concerns about a potential market bubble, particularly in the technology sector. His actions suggest a preparation for a possible market correction, indicating a desire to rebalance his portfolio for reduced risk.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.