- Leo KoGuan, one of Tesla's top individual investors, says he's piling into Nvidia stock.
- KoGuan said he bought a million shares of the AI chipmaker, with plans to purchase more.
- Despite past criticism of Elon Musk, KoGuan also said he's still heavily invested in Tesla.
Leo KoGuan, one of Tesla's largest individual shareholders, says he's piling into the AI trade.
KoGuan, a tech entrepreneur and the founder of IT infrastructure firm SHI International, lists himself on his LinkedIn as Tesla's third-largest individual shareholder. On Wednesday, he revealed that he's snapped up 1 million shares of Nvidia, and said that he plans to buy more.
"I am convinced AI is NOT a bubble, it is only the beginning," he wrote on X.
In a statement to Bloomberg, KoGuan said his Nvidia purchase was his attempt to calm a "nervous market." The AI trade has taken a hit lately as traders reassess the technology's impact. The endless hype of the last three years has faded, with investors now seeing clear winners and losers. Nvidia stock is down 4% in 2026.
KoGuan also noted that he remains bullish on Tesla, despite previously claiming a few years ago that Elon Musk was purposely trying to tank the stock. "I was all-in-Tesla; I am still mostly in Tesla + T-bills," he said.
"I do think Tesla's energy, cybercap and Teslabot are NOT fully priced in," he wrote this week. "So that, daring investors could still buy Tesla today for the future fortune. Tesla is the leading embodied AI on earth."
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