Artificial intelligence euphoria is back at the center of global markets. And one of Tesla’s most prominent individual backers is doubling down.
Billionaire investor Leo KoGuan said he purchased 1 million shares of Nvidia Corp. on Tuesday, adding a major new AI bet to a portfolio long associated with Tesla Inc..
“I am convinced AI is NOT a bubble, it is only the beginning,” KoGuan posted on X on Wednesday.
The purchase ties KoGuan more closely to Nvidia, the dominant supplier of high performance chips used to train and run generative AI systems. Nvidia’s data center GPUs power models developed by companies such as OpenAI, Microsoft and Meta, and the stock has been one of the biggest drivers of US equity gains over the past two years.
For finance readers, the move is notable. KoGuan built his reputation as one of Tesla’s largest individual shareholders. Now he is signaling conviction in the broader AI infrastructure trade.
Still “mostly in Tesla”
Despite the Nvidia buy, KoGuan said he remains heavily invested in Tesla.
Even though he has become increasingly skeptical of CEO Elon Musk and Tesla’s decision to award the chief executive officer a pay package potentially worth as much as $1 trillion, KoGuan said he is “still mostly in Tesla” and treasury bills. He declined to specify how much he has reduced his Tesla stake over the years.
“I do think Tesla’s energy, cybercap and Teslabot are NOT fully priced in,” he wrote on the social media platform. “So that, daring investors could still buy Tesla today for the future fortune. Tesla is the leading embodied AI on earth.”
Tesla has increasingly positioned itself as more than an electric vehicle maker. The company highlights its Full Self Driving software, humanoid robot initiative known as Optimus or Teslabot, and its energy storage business as long term growth drivers. Bulls argue that these segments could transform Tesla into an AI and robotics powerhouse. Bears question timelines and valuation.
KoGuan’s comments show he still believes in that thesis, even as he branches into Nvidia.
From enterprise software to AI megacaps
KoGuan was born in Indonesia, educated in New York and now resides in Singapore. He made his initial fortune from SHI International Corp., a Somerset, New Jersey based enterprise software company he ran with his ex wife.
He has said he began buying Tesla shares in 2019. He quickly built a massive position using stock options. He increased his stake multiple times during the stock’s rally, emerging as one of the company’s largest individual shareholders.
His Nvidia purchase reflects a broader shift in global capital markets. AI infrastructure has become the dominant theme in US equities. Nvidia’s chips sit at the center of that ecosystem. Demand for AI accelerators has driven record revenue growth and made the company one of the most valuable in the world.
For investors, KoGuan’s move sends a clear message. One of Tesla’s biggest believers now sees opportunity not only in embodied AI through cars and robots, but also in the semiconductor backbone that powers the AI revolution.
Whether AI proves to be overhyped or transformational remains a debate on Wall Street. KoGuan has made his position clear.
“AI is NOT a bubble,” he wrote. “It is only the beginning.”
