Meet Peter Thiel, the newest AI bear in town
The post Meet Peter Thiel, the newest AI bear in town appeared com. So there is a guy named Peter Andreas Thiel, and he is a bit of a legend in finance and tech. But tonight, we’re going to introduce him to you as the newest AI bear on the Street. When I first heard about Peter’s decision to dump the entirety of his Nvidia holdings, I instantly realized that it made sense. There was no confusion. This is a man who has been investing since the 90s and has seen more market cycles than this author has seen birthdays, yet he walked away from a company Wall Street, Silicon Valley, and Washington have all been worshipping all year, and the 13F filing showed he did it right after Nvidia crossed $5 trillion. Anyway, the 13F filing also showed Pete cutting Tesla by more than 76%, though the EV giant is still his biggest holding at the end of September, according to InsiderScore. The stock rallied by 40% in Q3, has dropped more than 7% so far this quarter, and is barely up 3% for the year. Yet, he kept over 20% of it anyway. Meanwhile, he added over $25 million in Microsoft and more than $20 million in Apple, which says a lot, because this man doesn’t usually hide inside megacaps unless he wants insulation. The funny part is that everyone acts surprised. But if you look at Peter’s history, you shouldn’t be. He has always cut when people get euphoric. And he has always bet where he believes power shifts next. Or where he plans to shift it behind the scenes, if you know what I mean. A look into Peter’s rewired portfolio Peter’s portfolio has always been weirdly fascinating. Since the 90s, the guy has loaded up on tech, crypto, recently healthcare, and almost nothing from Europe, which is quite.