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Thiel Macro Divests Nvidia, Acquires Microsoft
Thiel Macro, a hedge fund led by billionaire Peter Thiel, sold its entire stake in Nvidia (NASDAQ: NVDA) during the third quarter of 2023, reallocating proceeds to purchase shares of Microsoft (NASDAQ: MSFT). Nvidia, which holds over 80% revenue share in AI accelerators, is anticipated to experience earnings growth of 37% annually over the next three years. Meanwhile, Microsoft’s earnings are projected to rise 14% annually amidst its expansion in artificial intelligence and cloud services.
Despite competition from companies like Advanced Micro Devices (AMD) and custom chip designs by major tech firms, analysts expect Nvidia to maintain a significant market position. The AI accelerator market is forecasted to grow at an annual rate of 29% through 2033.
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