Peter Thiel’s Fund Sold Off Entire Nvidia Stake Last Quarter (2)

Peter Thiel’s hedge fund Thiel Macro LLC sold its stake in Nvidia Corp. during the third quarter, marking yet another retreat from investments in the world’s leading provider of artificial-intelligence chips.

The fund offloaded its entire position of 537,742 shares in the Santa Clara, California-based chipmaker, which would have been worth about $100 million based on the closing price from Sept. 30. The Thiel Macro fund now counts Apple Inc., Microsoft Corp. and a reduced stake in Tesla Inc. as its main bets, according to a 13F filing.

Thiel’s move comes at a time of rising concerns about ...