Tesla "Fanboy" Invests Billions to Increase Stake in NVIDIA, Calls AI Wave Not a Bubble

BlockBeats News, March 4th, billionaire Leo KoGuan, who had emerged as one of Tesla's (TSLA.O) largest individual shareholders a few years ago, revealed on Tuesday that he bought 1 million shares of Nvidia (NVDA.O) stock.

Leo posted on X platform on Wednesday, stating, "I firmly believe AI is not a bubble, this is just the beginning." He then added, "Plan to buy another 1 million shares of Nvidia soon to show support to the jittery market."

Nvidia closed at $180.05 in New York on Tuesday, meaning the 71-year-old billionaire paid approximately $180 million for it. According to the billionaire index, his net worth is $12.8 billion. (Jinse)