Tesla's 'Iron Fan' spends $180 million to buy 1 million NVIDIA shares, calls AI trend not a bubble

Chainthink

Release Time: 03/04/2026 09:02:57

Summary

Tesla backer Leo KoGuan spent $180 million to purchase 1 million NVIDIA shares at $180.05 each, calling AI a bullish trend. On X, he stated that AI is not a bubble and plans to buy another 1 million shares. Among altcoins to watch, NVIDIA remains a top pick for major investors.

ChainThink reports that on March 4, billionaire Leo KoGuan, who rose to prominence several years ago as one of Tesla's (TSLA.O) largest individual shareholders, said he purchased 1 million shares of NVIDIA (NVDA.O) on Tuesday.

Leo posted on X on Wednesday: "I firmly believe AI is not a bubble; this is just the beginning." He later added: "I plan to buy another 1 million shares of NVIDIA soon, to show support to the anxious market."

NVIDIA closed at $180.05 in New York on Tuesday, meaning the 71-year-old billionaire paid approximately $1.8 billion for it. According to the Billionaires Index, his net worth stands at $12.8 billion. (GoldTen)

Source:Show original

Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.