23 states are now in a recession and 11 more are close to it. The last time this many states entered recession at once was 2008. Back then, unemployment hit 10% and foreclosures doubled within 18 months.
byu/TonyLiberty inFluentInFinance
23 states are now in a recession and 11 more are close to it. The last time this many states entered recession at once was 2008. Back then, unemployment hit 10% and foreclosures doubled within 18 months.
Peter Thiel has now sold his entire stake in Nvidia and 76% of his Tesla shares. Michael Burry's entire portfolio is now short positions in Nvidia and Palantir. Softbank has now sold its entire stake in Nvidia.
byu/TonyLiberty inFluentInFinance
Peter Thiel’s latest 13F shows a full exit from Nvidia (NVDA)
Billionaire Peter Thiel’s latest 13F didn’t show off a mere trim, but a full-blown exit from AI bellwether Nvidia (NVDA).
It comes at a surprising point when Wall Street’s been busy declaring the chipmaker as virtually untouchable.
Although Nvidia recently surpassed a $5 trillion valuation, Thiel walked away completely, shrinking his fund’s equity book by roughly two-thirds while building it around three megacap names.
That’s far from being a rebalance and more of an emphatic statement.
Thiel had previously warned about AI’s hype cycle running far ahead of its real economics, and his Q3 portfolio shakeup aligns with that view.
Thiel’s Q3 filing unveiled perhaps the sharpest pivots of any major investor in the tech space so far this year.
While Nvidia continues to power through blowout quarters and leap past a $5 trillion market cap, Thiel Macro LLC heads in the opposite direction.
The fund didn’t just trim Nvidia, it eliminated it.
Peter Thiel dumps top AI stock, stirring bubble fears
Hedge funds are still dumping stocks while retail investors keep the bull market alive