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Thiel sold for no more than $182. Missing the peak of $207. SoftBank did better but bought into Open AI (!) whoops.

I remain suspicious of the narrative. They were pushing Burry last week as some kind of genius because he got 2008 correct while ignoring that Burry went bust on Oct 27th because he bet against NVDA. This stuff is being put out by the same media that pretends Jim Cramer is guru and they are all singing from the same hymn book.

The contrarian view is that fund managers have $6 trillion sitting on the sidelines and want to spook retail investors before the next rally. In the contrarian view this pullback has more to do with early loss harvesting and the decreased likelihood of a December rate cut.

I can see going risk off for some of the speculative AI stocks, like quantum, but betting against NVDA makes no sense to me. They are the best positioned and they already weathered potential bubble pops like Deep Seek.