NVIDIA is, by far, the most valuable company in the world. It has the world’s (as of yet) unquenchable thirst for AI to thank for that. Its chips underpin much of the extremely complicated, advanced hardware that runs AI.
But Softbank, a major investment firm that trades primarily in tech companies, sold off all 32.1 million shares of NVIDIA stock it held last week, netting itself $5.83 billion. Then on Monday, November 17, Peter Thiel’s hedge fund sold off all of its 537,742 NVIDIA shares for about $85 million.
Fears of an AI bubble forming and bursting have been the anxious talk of Silicon Valley increasingly over the course of this year, as ludicrous amounts of money pour into the AI industry. The sudden overloading of NVIDIA stock, a major driver of the AI industry, has people wonder

VICE

CNBC
Butler Eagle
Tribune Chronicle Community
People Top Story
Raw Story