Leo KoGuan Buys 1 Million Nvidia Shares for $180 Million

Billionaire investor Leo KoGuan, a prominent Tesla shareholder, announced on Wednesday that he purchased one million shares of Nvidia on Tuesday, signaling strong confidence in the artificial intelligence sector amid market uncertainty.

KoGuan, who resides in Singapore and built his fortune as the co-founder of SHI International, an enterprise software company based in New Jersey, shared the news on the social media platform X. The acquisition, made at Nvidia's closing price of $180.05 per share in New York, was valued at approximately $180 million. In a follow-up message to Bloomberg News, the 71-year-old investor stated he plans to buy another one million shares soon "to show my support to a nervous market." KoGuan's net worth stands at about $12.8 billion, according to the Bloomberg Billionaires Index, with much of it historically tied to Tesla holdings that peaked at around 27.7 million shares in May 2024.

"I am convinced AI is NOT a bubble, it is only the beginning," KoGuan wrote on X. He linked the technology to his personal theory of KoGuan Quantum InfoDynamics, or KQID, which he described as the foundation of artificial general intelligence and a pathway to singularity....