As the situation in the Middle East triggers a global asset sell-off, Chinese billionaire Leo KoGuan has doubled his holdings in NVIDIA, demonstrating his confidence in the market through action.
On Saturday morning, KoGuan posted on platform X, stating, &#34;As promised, I bought another 1 million shares of NVIDIA today.&#34; In the previous days, he had announced the completion of his initial position. Thus, his total holdings in NVIDIA have reached 2 million shares, with an estimated total investment of approximately $350 million based on recent closing prices.
This acquisition of NVIDIA is a milestone in KoGuan's personal investment portfolio. According to the Bloomberg Billionaires Index, his net worth is approximately $13.4 billion, and for many years it has been almost entirely concentrated in Tesla stock. Although the $350 million investment in NVIDIA represents a limited proportion of his overall wealth, it signifies a shift in his asset allocation strategy.
<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/202fc507-4e12-4b21-9f28-0334477eb560.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/202fc507-4e12-4b21-9f28-0334477eb560.png"/>
The timing of this increase in holdings is particularly noteworthy. Since the U.S.-Iran conflict, global stock markets have been under pressure, with both bonds and stocks facing sell-offs. NVIDIA has dropped approximately 6% this year, while Tesla's decline is close to 10%, in contrast to the S&amp;P 500 index, which has fallen by less than 2%. KoGuan expressed, &#34;I hope to contribute a little to calming the tense market, and I wish everyone good luck.&#34;
<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/ddac913b-6c86-477b-a7cc-0cf16b4884ab.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/ddac913b-6c86-477b-a7cc-0cf16b4884ab.png"/><img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/8d1b3483-40c8-46a8-aaa4-f8d6d5304fd8.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/8d1b3483-40c8-46a8-aaa4-f8d6d5304fd8.png"/>

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Chinese billionaire Leo KoGuan bought another 1 million shares of NVIDIA on Saturday amid a global asset sell-off triggered by the US-Iran conflict, bringing his total holdings to 2 million shares. For years, he has almost entirely focused on Tesla stock. He stated, "I hope this move can contribute a little to calming the tense market."

- Amid global asset sell-offs due to the Middle East situation, billionaire Leo KoGuan doubled his NVIDIA holdings, demonstrating confidence in the market.  
- He announced on a social media platform that he purchased an additional 1 million shares of NVIDIA, bringing his total to 2 million shares valued at approximately $350 million.  
- This investment marks a significant change in his asset allocation strategy, as he has primarily focused on Tesla stock for years, despite the current market pressures and declines in NVIDIA and Tesla shares.

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"Hope to soothe the tense market," Tesla billionaire increases stake in NVIDIA