Leo KoGuan, a Chinese-American billionaire and Tesla's third-largest individual shareholder, has recently made a bold move by acquiring 1 million shares of Nvidia stock, at a cost of roughly $180 million. KoGuan is resolute in his conviction that artificial intelligence (AI) is far from being a bubble and has expressed his intention to purchase an additional 1 million shares in the near future. Known for his contrarian investment style, as evidenced by his history of buying Tesla shares against prevailing market trends, KoGuan's net worth stood at approximately $8.7 billion as of March 2026.

This significant share acquisition comes at a pivotal moment when the market remains deeply divided over the future prospects of the AI industry. Notably, Michael Burry, a well-known investor, had previously adopted a bearish outlook on Nvidia, and since 2026, the company's stock price has experienced a cumulative decline of about 3%. However, KoGuan's vote of confidence seems to have had an immediate impact. Following the announcement of his share purchase, Nvidia's stock price closed up by 1.66%, bringing its total market capitalization to approximately $4.45 trillion.