Tesla billionaire doubles Nvidia stake; says convinced AI not a bubble, hopes contribution ‘calms nervous market’
Much like his “all-in” stance on Tesla, billionaire Leo KoGuan believes the artificial intelligence (AI) sector is not a bubble and that these companies are solid investment leaders. In a post first made on March 5, the investor said Jensen Huang purchased one million shares of the AI chip maker, followed by another purchase of 1 million the next day.
KoGuan, in particular, doubled down on Nvidia shares amid a global selloff driven by geopolitical uncertainties in West Asia and fears of an AI bubble.
‘I am convinced that artificial intelligence is not a bubble’
In his first post last Thursday, he wrote: “I was all in on Tesla; still mostly into Tesla + treasury bonds. Bought 1 million Nvidia shares last night, plan to buy more. I believe AI is NOT a bubble, this is just the beginning.”
He added on Friday that he had doubled down on his position, hoping to “contribute a little to calming the nervous market.” “As promised, I purchased 1 million more NVDA shares today. Therefore, my total position in NVDA is 2 million shares. I hope I can contribute to calming the tense market to some extent. Good luck to everyone.”
There were no other details about the purchase.
Leo KoGuan’s net worth
This acquisition is notable because KoGuan’s assets have been tied to only one stock so far, Tesla, according to the Bloomberg Billionaires Index (BBI). The index estimates his net worth at $13.4 billion.
The report also estimates that the billionaire investor spent approximately $350 million to purchase Nvidia shares, based on the last closing price.
The timing is particularly notable as global markets are in turmoil due to the United States, Israel and Iran’s war in the Middle East, and many worry that stocks will continue to crash if the conflict continues. At the moment there seems to be no concrete sign of peace in the near term.
Nvidia is down about 5% this year through Friday’s close, while Tesla is down about 12%, compared with a less than 2% drop in the S&P 500, according to a Bloomberg report.
Big Tech has lost its luster in recent weeks amid concerns about rising spending, according to another Bloomberg report. The Magnificent Seven has lost over 6% since October, while the S&P remains flat. He added that the trend marks a reversal from 2023 and 2024, when Mag-7 tripled or quadrupled the return of the S&P 500.
Nvidia sets target cash bonus of $4 million for Jensen Huang
Meanwhile, Reuters reported that Nvidia has adopted a new variable compensation plan for Huang, setting a CEO cash bonus target of $4 million in FY27.
Citing a regulatory filing, the report said Nvidia’s compensation committee approved the plan on March 2. The updated methodology ties executives’ cash bonuses to the achievement of certain revenue targets for the fiscal year ending Jan. 31, 2027.
Huang’s total compensation for 2025 was said to be $49.9 million, largely driven by stock awards worth $38.8 million, citing a regulatory filing last May.
The world’s most valuable company last month reported better-than-expected results for the January quarter and forecast current-quarter revenue to beat Wall Street forecasts. Nvidia said it expects fiscal first-quarter sales to be $78 billion plus or minus 2%.
(With input from Bloomberg and Reuters)
