Gotrade News - Billionaire Leo KoGuan just scooped up one million Nvidia shares on Tuesday (03/03). This massive move cost him roughly 180 million US dollars.
This buying spree happened while the chipmaker's stock was facing heavy pressure. Its share price had dropped by 7.4% over the past week.
Key Takeaways:
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Leo KoGuan invested 180 million dollars to buy Nvidia stock.
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This bold move aims to support a nervous stock market.
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The billionaire firmly believes the artificial intelligence boom is not a bubble.
This purchase was confirmed directly through a post on X. According to a report from The Business Times, he believes artificial intelligence is just getting started.
This major investor also plans to buy another one million shares soon. According to a report from Bloomberg News, that plan aims to support the market.
KoGuan was previously known as the largest individual shareholder in Tesla. This 71-year-old man boasts an estimated net worth of 12.8 billion dollars.
He is now starting to doubt some management decisions at the automaker. According to a report from Seeking Alpha, he highlighted the CEO's massive compensation package.
Despite doubting the management, he still holds most of his shares. He believes the company's energy and robotics businesses are not yet fully priced in.
The chipmaker's stock immediately popped 0.7% during early premarket trading. This situation shows that institutional investor confidence can easily boost market sentiment.
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Reference:
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Seeking Alpha, Billionaire Tesla whale buys 1M Nvidia shares to support “nervous market”. Accessed on March 5, 2026
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The Business Times, Billionaire Tesla whale says he bought one million Nvidia shares. Accessed on March 5, 2026
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