Peter Thiel's Q3 Portfolio Swap: Dumping Nvidia for Apple Raises Eyebrows

The legendary PayPal cofounder just made a bold Q3 move—completely ditched his Nvidia position and cut Tesla holdings hard, then plowed the cash into Microsoft and Apple instead. Here’s what caught everyone’s attention:

The Numbers: Thiel sold ~208k Tesla shares (~$72M) and 538k Nvidia shares (~$94M). But his Apple buy (79k shares) and Microsoft purchase (49k shares) totaled only ~$43M. Translation: He’s sitting on a massive pile of dry powder, clearly playing defense.

The Head-Scratcher: Why bail on Nvidia to grab Apple? Nvidia’s revenue is growing explosively year-over-year, while Apple’s crawling along below 10% annually. Yet they’re trading at nearly identical forward P/E ratios—which makes Nvidia look like the obvious winner on paper.

What This Signals: Thiel’s basically de-risking. He’s swapping explosive growth plays for “boring but stable” mega-caps. Whether he’s sitting tight for a market correction or hunting the next AI/quantum play, one thing’s clear: He’s not confident enough to stay all-in on the “Magnificent Seven.”

The move sparks a legit question: Is Thiel seeing something the market’s missing, or is this just smart portfolio insurance? Either way, it’s a reminder that even billionaire investors can disagree on which way the wind’s blowing.