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Billionaire KoGuan Cuts Nvidia Stake for AI Venture
14 Nov
Summary
- Investor Leo KoGuan plans to reduce Nvidia investment.
- KoGuan will support Jensen Huang in future ventures.
- KoGuan believes AI is not a bubble, but the beginning.
Investor Leo KoGuan has announced plans to decrease his investment in Nvidia, while simultaneously pledging his support for CEO Jensen Huang and his future endeavors. KoGuan sees significant potential in Huang's vision, particularly in the burgeoning field of superintelligence.
Despite reducing his stake, KoGuan maintains a strong conviction that the current surge in artificial intelligence is not a bubble but rather the nascent stage of a transformative era. He has indicated an interest in investing in other artificial intelligence companies.
KoGuan's commitment to Huang is substantial, with the investor stating he would not allocate further funds to Nvidia without Jensen Huang's direct involvement. He hopes Huang will provide an opportunity to invest in his future ventures, signaling a strategic shift in his investment portfolio.
