①Billionaire Leo KoGuan purchased one million shares of NVIDIA on March 4 and plans to continue increasing his holdings; ②KoGuan stated that he is confident artificial intelligence is not a bubble, and he plans to purchase another one million shares of NVIDIA soon to support the strained market.
Many years ago$Tesla (TSLA.US)$Leo KoGuan, a billionaire who entered the public eye years ago as one of the largest individual shareholders, revealed on Wednesday that he had purchased one million shares of NVIDIA stock the previous day and stated his intention to continue increasing his holdings.
“I am confident that artificial intelligence is not a bubble; it is only the beginning,” he wrote on the social media platform X.
According to the Bloomberg Billionaires Index, KoGuan's net worth is approximately $12.8 billion. NVIDIA closed at $180.05 in New York on Tuesday, meaning this purchase by the 71-year-old billionaire amounted to roughly $180 million.
In a subsequent interview, KoGuan also stated, “I plan to buy another one million shares of NVIDIA soon as a show of support for the market.”
Recently, artificial intelligence trades have faced setbacks as traders reassess the impact of this technology. The relentless hype over the past three years has waned, allowing investors to now clearly identify which companies are winners and which are losers. So far this year, NVIDIA's stock has fallen by approximately 2%.
KoGuan was born in Indonesia, educated in New York, and currently resides in Singapore. He initially accumulated his wealth through SHI International, a software reseller service company he co-founded with his ex-wife.
As an individual investor, he entered the stock market in 2019 and has since poured significant funds into tech firms and new energy vehicle companies such as Baidu, NVIDIA, and Nio, though he later divested nearly all his holdings, leaving only one major bet: Tesla.
As Tesla’s third-largest individual shareholder, KoGuan owns more shares than anyone except Elon Musk himself and Oracle co-founder Larry Ellison. As a result, he is often referred to as Tesla’s “most influential retail investor.” KoGuan has publicly stated, “I consider myself a fan of Elon. I would say he is the only person on Earth I truly respect.”
Still Bullish on Tesla
Notably, a few years ago, Liao Kewen launched a scathing attack on Elon Musk via social media platforms, criticizing him for harming the interests of shareholders and the company by selling large amounts of his personal shares. In November 2024, Liao also stated that he was 'no longer fully invested in Tesla' and had started purchasing government bonds, citing concerns over a '1929-style stock market crash' and the potential for a third world war.
On Wednesday, Liao Kewen indicated that he still primarily invests in Tesla and U.S. Treasury bonds. In another social media post, he referred to Tesla as 'the leading embodied artificial intelligence on Earth.'
Embodied intelligence refers to intelligent behavior generated through an agent's physical interactions with its environment, emphasizing the interdependence of the agent’s cognition and actions within a physical setting.
“I believe Tesla’s energy, Cybercab, and Teslabot are not yet fully reflected in the stock price,” he wrote on X. “Therefore, bold investors can still buy Tesla stock now in anticipation of significant future wealth gains.”
Tesla’s autonomous taxi, Cybercab, and humanoid robot, Optimus, are currently viewed as cornerstones of the company’s future development. Investors are focusing heavily on these two products, which are expected to open up vast new markets for Tesla, with NVIDIA also set to benefit.
Editor/Rice