"No more investments without Jensen": why the billionaire's ultimatum with $1.3 billion in $NVDA is an alarming signal for markets and the AI sector
Wall Street and the crypto community are discussing the tough statement of billionaire Leo KoGuan, one of the most famous large private investors in the technology sector, whose balance sheet includes a $1.3 billion stake in Nvidia ($NVDA).
After the departure of Jensen Huang KoGuan put an end to the building up of position:
«No further investment without Jensen»
At first glance, it looks like an emotional reaction of a large holder. But if you dig deeper, we have a classic market case that directly concerns both the stock market and the AI crypto projects industry.
1. "Founder's Award" and the end of the era of unconditional trust
The history of the markets knows many examples when the company's capitalization was based not only on revenue and margin, but also on the figure of the visionary at the helm: Apple under Steve Jobs, Amazon under Jeff Bezos, Tesla under Elon Musk. Jensen Huang turned Nvidia from a manufacturer of graphics cards for gamers into the main infrastructure monopolist of the artificial intelligence era.
When an investor with a $1.3 billion position says that without a founder, the company no longer deserves new capital, he voices the main fear of institutionalists: will post-huang Nvidia be able to maintain the same speed of innovation and aggressive performance culture?
While competitors (AMD, custom chips from Google, Amazon and Microsoft) are trying to bite off market share, any hint of the giant's bureaucratization calls into question its inflated multipliers.
2. Deja vu according to the Tesla scenario
To understand the weight of Leo KoGuan's words, it is enough to remember his story with Tesla ($TSLA). At one time, he became one of the largest individual shareholders of the company, having invested billions of dollars in it at the peak of his faith in Elon Musk. But as soon as he saw the lack of focus in management and corporate risks, his rhetoric changed from fan-like to extremely pragmatic - up to the reduction of the share and the transfer of capital to treasury bonds and Nvidia.
KoGuan doesn't just "hold shares" - he trades the leadership narrative. And his refusal to buy $NVDA means that the phase of blind euphoric growth for the chipmaker's shares is replaced by the cold audit phase.
3. Why is it important for the crypto market?
For the last two years, the Nvidia chart has actually acted as a barometer of global risk appetite:
$NVDA reports and news moved not only the Nasdaq index, but also Bitcoin.
The entire sector of AI tokens and DePIN (decentralized computing and GPU networks) lived in correlation with Nvidia's successes.
When major players press a pause in the main stock of the AI cycle, the capital rotation process starts in the market:
1. Cooling of overheated expectations. Investors are beginning to demand a real return on multi-billion investments in AI infrastructure, not just beautiful presentations.
2. Search for new growth points. Part of the speculative liquidity from "too obvious" giants traditionally flows into more volatile assets - including the crypto market and decentralized AI protocols, which offer an alternative to centralized data centers.
Summary
Leo KoGuan did not announce the instant sale of his $1.3 billion - he marked the border. The market forgives any valuation as long as the man who created the industry is at the hem. Without it, the company will have to prove its right to leadership again - only with figures in quarterly reports.