Billionaire investor Peter Thiel has now sold his complete stake in Nvidia, the world’s most valuable company. Theil has redirected these funds into Apple and Microsoft. As per the regulatory filings, Theil’s hedge fund, Theil Marco LLC has offloaded all 537,742 Nvidia shares in the third quarter of 2025 worth well over $100 million. The Nvidia position had accounted for about 40% of the fund’s portfolio, making the sale one of Thiel’s most significant moves of the year.

Moving from chips to platforms

The sale cut Thiel Macro’s US equity exposure by more than half, from $212 million to $72 million. While Nvidia has been the biggest beneficiary of the AI boom as the chips of the company are used to power nearly all the major models today. But Thiel appears to be betting on the consumer-facing platforms which are integrating AI and will prove to be more durable in the long run.

As reported by Fortune, Thiel’s new position in Apple and Microsoft, worth around $45 million combined suggests confidence in companies that are embedding AI into everyday products. Microsoft has incorporated AI across Office, Azure and Copilot, whereas Apple sits atop a base of over 2 billion active devices and a record-breaking services business.

Concerns over Nvidia’s bubble

Recently, Nvidia hit the market cap of $5 trillion and became the world’s most valuable company. However, concerns of an AI bubble have grown, mainly after revelations of circular deals in which Nvidia invested in AI startups that in turn committed to buying Nvidia’s chips. The critics are of the opinion that these kinds of arrangements inflate the demand artificially. Thiel himself has described AI as “extremely bubbly,” warning it could mirror the dot-com crash, though he has also acknowledged its transformative potential. “It’s more than a nothing burger, and it’s less than the total transformation of our society,” he told the New York Times last year, likening AI’s rise to the internet boom of the late 1990s.