Peter Thiel dumps top AI stock, stirring bubble fears
Key PointsPeter Thiel fully exited his position in AI's poster-child.Thiel warns of an AI hype bubble, likening it to 1999's excessive optimism.His fund now holds only a few diversified tech giants.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 walk...
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