tech
March 4, 2026
Big Tesla backer Leo KoGuan buys 1 million Nvidia shares, saying AI is not a bubble
KoGuan said he purchased the shares earlier this week and plans to buy more, adding he is convinced the surge in AI investment is still in its early stages.
TL;DR
- Leo KoGuan purchased 1 million shares of Nvidia, adding to his significant investments.
- KoGuan, a prominent Tesla shareholder, believes the AI investment surge is in its early stages.
- He views Nvidia as the foundational layer for AI, contrasting it with Tesla's 'physical AI'.
- Despite recent stock performance and concerns about the OpenAI deal, some analysts maintain a bullish outlook on Nvidia.
- Analysts note that Nvidia's valuation is attractive at less than 23 times forward GAAP earnings.
- JPMorgan strategists suggest investors seek clarity on data center growth and favor call options ahead of Nvidia's GTC conference.
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