Thiel's big move: close all positions in NVIDIA and TSL, turning to the truth behind Microsoft and Apple.

Silicon Valley legendary investor Peter Thiel (co-founder of PayPal, founder of Palantir) made a significant adjustment in Q3: completely liquidated his position in Nvidia, significantly reduced his holdings in TSL, and took the opposite position by increasing his holdings in Microsoft and Apple.

Numbers Speak

According to the position data, TSL in Q3:

• Sold 208,000 shares of TSL (approximately 72 million USD)
• Liquidate 538,000 shares of NVIDIA (approximately $94 million)
• Added 49,000 shares of Microsoft (approximately $2.5 billion)
• Added 79,000 shares of Apple (approximately 1.8 billion dollars)

Key Issue: The total amount from two sales is only $166 million, but a new purchase of $4.3 billion. It is clear that Thiel still holds a large amount of cash, possibly waiting for the next boom in AI or quantum computing.

This operation is quite interesting

Sell TSL to switch to Microsoft: Reasonable. The latter is a more stable choice, reducing risk.

Sell Nvidia and switch to Apple: There's a catch here.

Nvidia's growth is far ahead - maintaining explosive growth for years, driven by data center construction; while Apple's revenue growth hovers below 10%. Based on expected price-to-earnings ratios for next year, the valuations of both are almost the same.

From a purely growth perspective, Nvidia seems to be the better choice. However, Til's legendary track record is there (early investment in Facebook, leading the round in Palantir, etc.), and this divergence reflects the complexity of the market—there is no absolute answer, and it all depends on one's vision.

Underlying Logic

The core signal revealed by this adjustment: Thiel is preparing for a possible market pullback. Transitioning from high growth, high risk tech stocks to relatively defensive large-cap blue chips is a typical risk-averse move.

Should we follow the trend? Do your own research first.