Tesla's 3rd-largest individual shareholder doubles NVIDIA stake amid dip
Business
Leo KoGuan, Tesla's third-largest individual shareholder and a big believer in AI, just doubled his stake in NVIDIA, even as the stock dipped about 4-5% year-to-date.
He grabbed 2 million shares over two days (about $350-360 million total), hoping to steady nerves while others worry the AI boom is fading.
KoGuan's bullish stance on AI and tech
KoGuan isn't backing down on tech. He tweeted that he is convinced AI is NOT a bubble, it is only the beginning, and still thinks Tesla's energy projects, cybercap, and Teslabot are underrated.
While big tech stocks have slid lately, moves like his show some billionaires see long-term potential, maybe even a chance for the market to bounce back.