Peter Thiel has sold his entire stake in Nvidia and 76% of his Tesla shares.
SoftBank has sold its entire stake in Nvidia for over $5B.
Michael Burry’s entire portfolio consists of short positions o Nvidia and Palantir.
Make of this what you will.
(Oh, and I am short Tesla, Nvidia, and Palantir, but nobody points to me as knowing anything except my wife, and even that is only under duress.)
The only time I have ever been short a stock has been when I have had short call positions exercised against me by the call holder, and even then, the short calls have always been made on positions where I also had a long call position as well. I typically close those shorts quickly…
I respect people who can short, whether based on valuation or other grounds. I’ve been afflicted by “the value investor’s curse” (I’m often early, even if I’m ultimately proven correct). Between the possibility that the market can remain irrational longer than I can remain solvent and the level of hype that a bubble can reach before it bursts, shorting is a skill I have not even attempted to master.
Regards,
-Chuck
Hmmm. Risky business.
“Blackwell sales are off the charts, and cloud GPUs are sold out,” CEO Jensen Huang said in a statement.
DB2
Probably because he’s preparing for the Anti-Christ.
They’re reinvesting that money into OpenAI. Could be a strategic bet before the eventual IPO.
Betting that Nvidia will lose market share seems reasonable. As you mentioned, they’re backlogged.
Also, when the AI bubble pops, Nvidia has more exposure than any other company.
“They’re putting their money where their mouth is,” said Jay Hatfield, chief executive and chief investment officer at Infrastructure Capital Advisors, of the insider purchases. “They’re not day trading. They’re long-term investors taking advantage of the pullback.”…Earlier this year, corporate insiders managed to time the April selloff correctly…
One reason why investors are willing to buy the dip is that corporate profits for third-quarter reporting season largely beat Wall Street expectations, with profits “running at their highest levels” on record, said Matt Lloyd, chief investment strategist at Advisors Asset Management…
Net purchases, however, are a positive sentiment indicator. “There’s lots of reasons for insiders to sell, whether that’s diversification, or whether that’s in order to pay taxes or for cash flow needs, but there’s really only one reason an insider would ever buy their own stock, and that’s because they truly believe it’s undervalued,” Zaccarelli said.
DB2
Or where their stock bonuses will come from based on stock performance.
Shareholder Value!